secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0000020212-25-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs reports record Q4 net revenue $624.2M (up 11%), EPS $0.95
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- Full-year net revenue $2.7B (+11%), net income $426.8M (+2%), adjusted EBITDA $1.2B (+13%).
- Q4 segment: Live & Historical Racing revenue $275.5M; Gaming revenue $257.5M; Wagering Services $108.0M.
- Opened Terre Haute Casino Resort (Apr 2024), Rose Gaming Resort (Nov 2024), and Owensboro Racing & Gaming (Feb 2025).
- Annual dividend raised 7% to $0.409 per share; 14th consecutive annual increase.
- 2025 project capital expected $350-400M; net bank leverage 4.0x; $149.6M remaining share repurchase authority.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000002021225000050/0000020212-25-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000002021225000050/chdn-20250219.htm
  HTML page:      https://secwatch.observer/filing/0000020212-25-000050

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