secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000020212-24-000115
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs Q3: record revenue $628.5M, adj. EBITDA $235.3M; dividend up 7%
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- Net revenue $628.5M (+10% YoY), net income $65.4M (+7%), diluted EPS $0.86 vs $0.79.
- Live & Historical Racing rev $252.4M (+12%), Adj EBITDA $93.0M (+15%); TwinSpires rev $118.7M (+6%), Adj EBITDA $42.5M (+25%); Gaming rev $270.3M (+10%), Adj EBITDA $123.3M (+1%).
- Annual dividend $0.409/share (+7%); payable Jan 3, 2025 to holders of record Dec 6, 2024; 14th consecutive annual increase.
- Repurchased 67,139 shares for $9.0M in Q3; $170.9M remaining authorization under share repurchase program.
- Opened The Rose Gaming Resort in Dumfries, VA on Oct 23, 2024 with 1,650 HRMs and 102-room hotel.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000002021224000115/0000020212-24-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000002021224000115/chdn-20241023.htm
  HTML page:      https://secwatch.observer/filing/0000020212-24-000115

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