Highest-materiality recent filing
Churchill Downs Q1 revenue and profit up; acquires Preakness IP for $85M
Q1 record net revenue $663M (+3% YoY), net income $83M (+8%), diluted EPS $1.16 vs $1.02.
Churchill Downs annual meeting re-elects directors, ratifies auditor, approves say-on-pay
Re-elected Douglas C. Grissom (53.6M for, 6.0M against) and Daniel P. Harrington (56.4M for, 3.2M against) as Class III directors.
Churchill Downs Q4 revenue record $666M; net income falls 28% to $51.3M; dividend raised 7%
Q4 net revenue $665.9M (+7% YoY); full-year revenue $2,925.9M (+7% YoY).
Churchill Downs Q3 revenue +9% to $683M, adjusted EBITDA +11% to $262.3M; dividend raised 7%
Q3 net revenue $683.0M (+9% YoY); net income $38.1M (-42%) due to $31M non-cash impairment on Chasers' gaming rights.
Churchill Downs closes $180M acquisition of 90% stake in New Hampshire casino project
Acquired 90% equity interest in Casino Salem for $180M cash; funded by existing credit facility.
Churchill Downs Q2 2025: record revenue $934.4M, EPS $2.99, acquires Casino Salem for $180M
Net revenue $934.4M (+5% YoY), diluted EPS $2.99 (+$0.20), record Adjusted EBITDA $450.9M (+$6.1M).
Churchill Downs announces new $500M share repurchase program, replacing March 2025 authorization
Board approved $500M share repurchase program, replacing prior $500M program authorized in March 2025.
Churchill Downs to acquire 90% of Casino Salem for $180M cash
Acquires 90% equity in Salem, NH casino joint venture for $180M cash; will develop HHR gaming and entertainment venue.
Churchill Downs EVP Gaming Operations Maureen Adams to retire Dec 31, 2025
Maureen Adams, EVP Gaming Operations, notified retirement effective December 31, 2025.
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%.
Churchill Downs shareholders approve 2025 equity plan, reelect directors at annual meeting
Shareholders approved 2025 Omnibus Stock and Incentive Plan, authorizing up to 3.3M new shares (net of prior plan usage after Dec 31, 2024).
Churchill Downs director Ulysses L. Bridgeman Jr. passes away; board reduces to 7
Ulysses L. Bridgeman, Jr., Board member since 2012, died March 11, 2025.
Churchill Downs announces new $500M share repurchase program, replacing prior authorization
$500M share repurchase program authorized by Board of Directors, replacing September 2021 program.
Churchill Downs reports record Q4 net revenue $624.2M (up 11%), EPS $0.95
Full-year net revenue $2.7B (+11%), net income $426.8M (+2%), adjusted EBITDA $1.2B (+13%).
Churchill Downs amends credit agreement, reduces Term Loan B-1 margin by 0.25%
Reduced Term Loan B-1 interest margin by 0.25% and eliminated 0.10% credit spread adjustment; new rate SOFR + 1.75%.
Churchill Downs Q3: record revenue $628.5M, adj. EBITDA $235.3M; dividend up 7%
Net revenue $628.5M (+10% YoY), net income $65.4M (+7%), diluted EPS $0.86 vs $0.79.
Churchill Downs Q2 2024: record revenue $890.7M, EPS $2.79, Adjusted EBITDA $444.8M
Net revenue $890.7M (record, +16% YoY); net income $209.3M (+46%); diluted EPS $2.79 (vs $1.86).
Churchill Downs director Robert L. Fealy retires from board effective July 23, 2024
Robert L. Fealy resigned from Churchill Downs board on July 23, 2024, citing no disagreement with the company.
Churchill Downs closes credit amendment, extending revolver and term loan A maturities to 2029
Maturity date of Revolver and Term Loan A extended from 2027 to July 3, 2029, subject to springing maturity clause.
Churchill Downs Q1 record revenue $590.9M (+6%); net income down 48% on prior-year gain
Record Q1 net revenue $590.9M (+6% YoY); Adj EBITDA $242.5M (+9% YoY); diluted EPS $1.08 vs $2.05.
Churchill Downs shareholders elect three Class I directors, ratify PwC, approve say-on-pay
Directors Carstanjen, Lloyd, Varga elected with 61.1M, 58.2M, 61.3M votes for respectively.
On July 23, 2024, Robert L. Fealy notified Churchill Downs Incorporated (the “Company”) of his decision to resign as a director of the Board of Directors of the Company (the “Board”) effective immediately.
Max materiality 0.85 · Median 0.65 · Most common event earnings