secwatch.observer — SEC 8-K summary
======================================

Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0000020212-25-000065
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs Q1 revenue record $642.6M (+9% YoY), net income down 5% to $76.7M
--------------------------------------------------------------------------------

- Diluted EPS $1.02 vs $1.08 YoY; Adjusted EBITDA $245.1M, up 1%.
- Live & Historical Racing rev $276.4M (+$27.5M) driven by The Rose Gaming Resort and Owensboro opening.
- Gaming rev $267.2M (+$24.0M) on Terre Haute Casino Resort opening; offset by regional softness.
- Board approved new $500M share repurchase program; $89.4M shares repurchased in Q1.
- Pausing three Churchill Downs Racetrack capital projects (The Skye, Conservatory, Infield) due to economic environment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000002021225000065/0000020212-25-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000002021225000065/chdn-20250423.htm
  HTML page:      https://secwatch.observer/filing/0000020212-25-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer