secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0000020212-26-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs Q1 revenue and profit up; acquires Preakness IP for $85M
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- Q1 record net revenue $663M (+3% YoY), net income $83M (+8%), diluted EPS $1.16 vs $1.02.
- Adjusted EBITDA record $257M (+5%); adjusted diluted EPS $1.21 vs $1.07.
- Entered $85M definitive agreement to acquire Preakness Stakes and Black-Eyed Susan Stakes IP.
- Plans $180-200M Rockingham Grand Casino (NH, mid-2027); opened Marshall Yards Racing & Gaming in Feb 2026.
- Paid $0.438/share dividend (15th consecutive annual increase); net leverage 3.8x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000002021226000041/0000020212-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000002021226000041/chdn-20260422.htm
  HTML page:      https://secwatch.observer/filing/0000020212-26-000041

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