Churchill Downs Inc reported the quarter ended March 31, 2026 results: revenue $663 million, net income $83 million, EPS $1.16.
“business results for the quarter ended March 31, 2026. Company Highlights ▪ First quarter 2026 financial results, as compa red to the prior year quarter: ▪ Record net revenue of $663 million, up $20 mil lion or 3% ▪ Net income attributable to CDI of $83 million, up $6 million or 8% ▪ Record Adjusted EBIT DA of $257 million, up $12 million or 5% ▪ On January 12, 2026,”
Robert L. Fealy resigned as Director at Churchill Downs Inc.
“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.”
Earnings Releases
Churchill Downs Inc reported the first quarter ended March 31, 2024 results: revenue $590.9, net income $80.4, EPS $1.08.
“CONSOLIDATED RESULTS First Quarter (in millions, except per share data) 2024 2023 Net revenue $ 590.9 $ 559.5 Net income $ 80.4 $ 155.7 Diluted EPS $ 1.08 $ 2.05”
Shareholder Votes
Churchill Downs Inc shareholders approved Approval, on an advisory basis, of the compensation of the Company’s named executive officers at the 2024-04-23 meeting.
“Approval, on an advisory basis, of the compensation of the Company’s named executive officers For Against Abstentions Broker Non-Votes 61,668,283 1,547,436 145,139 4,933,173”
Shareholder Votes
Churchill Downs Inc shareholders approved Ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered accounting firm for fiscal year 2024 at the 2024-04-23 meeting.
“Ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered accounting firm for fiscal year 2024 For Against Abstentions Broker Non-Votes 67,165,079 577,226 551,726 —”
Shareholder Votes
Churchill Downs Inc shareholders approved Election of Class I Directors for a three year term at the 2024-04-23 meeting.
“At the 2024 Annual Meeting held April 23, 2024, the Churchill Downs Incorporated (the "Company") shareholders: (1) elected three (3) Class I Directors to terms of three (3) years each; (2) ratified the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for fiscal year 2024; and (3) approved, on an advisory basis, the compensation of the named executive officers, as disclosed in the proxy statement”
Earnings Releases
Churchill Downs Inc reported the quarter and full year ended December 31, 2023 results: revenue $2,461.7, net income $417.3, EPS $5.49.
“increased dividend per share. CONSOLIDATED RESULTS Fourth Quarter Years Ended December 31, (in millions, except per share data) 2023 2022 2023 2022 Net revenue $ 561.2 $ 480.1 $ 2,461.7 $ 1,809.8 Net income $ 57.6 $ 1.0 $ 417.3 $ 439.4 Diluted EPS $ 0.76 $ 0.01 $ 5.49 $ 5.71 Adjusted EBITDA (a) $ 219.1 $ 180.7 $ 1,023.9 $ 763.6 (a) This is a non-GAAP measure. See”
Material Agreements
Churchill Downs Inc entered into Stock Repurchase Agreement with an affiliate of The Duchossois Group, Inc. ("TDG") valued at $123.75 million (effective 2023-12-18).
“On December 18, 2023, Churchill Downs Incorporated (the “Company”) entered into an agreement with an affiliate of The Duchossois Group, Inc. (“TDG”) to repurchase 1,000,000 shares of the Company’s common stock, no par value (the “Common Stock”), in a private transaction at a price per share equal to $123.75, representing a discount of 4.03% to the closing price on December 15, 2023 of $128.95, for an aggregate purchase price of $123.75 million (the “Stock Repurchase Agreement”).”
Earnings Releases
Churchill Downs Inc reported third quarter ended September 30, 2023 results: revenue $572.5 million, net income $61.0 million, EPS $0.79.
“CHDN) (the "Company", "CDI") today reported business results for the third quarter ended September 30, 2023. Company Highlights • Third quarter results: – Record net revenue of $572.5 million, up 49% compared to the prior year quarter. – Net income of $61.0 million, up 7% compared to the prior year quarter. – Record Adjusted EBITDA of $218.2 million, up 34% compared”
Earnings Releases
Churchill Downs Inc reported the second quarter ended June 30, 2023 results: revenue $768.5 million, net income $143.0 million, EPS $1.86.
“CHDN) (the "Company", "CDI") today reported business results for the second quarter ended June 30, 2023. Company Highlights • Second quarter results: – Record net revenue of $768.5 million compared to $582.5 million in second quarter 2022 – Net income of $143.0 million compared to $339.3 million in second quarter 2022 – Record Adjusted EBITDA of $363.7 million”
Earnings Releases
Churchill Downs Inc reported the first quarter ended March 31, 2023 results: revenue $559.5 million, net income $155.7 million, EPS $4.09.
“CHDN) (the "Company", "CDI") today reported business results for the first quarter ended March 31, 2023. Company Highlights • First quarter results: ◦ Record net revenue of $559.5 million compared to $364.1 million in first quarter 2022 ◦ Net income of $155.7 million compared to $42.1 million in first quarter 2022 ◦ Record Adjusted EBITDA of $222.9 million”
Debt Financings
Churchill Downs Inc incurred senior notes of $600 million with U.S. Bank Trust Company, National Association, as trustee at 6.750% maturing 2031.
“On April 25, 2023, Churchill Downs Incorporated (“CDI”) (NASDAQ: CHDN) issued $600 million in aggregate principal amount of 6.750% senior notes due 2031 (the “Notes”) in connection with its previously announced private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).”
Material Agreements
Churchill Downs Inc entered into Indenture with U.S. Bank Trust Company, National Association valued at $600 million (effective 2023-04-25).
“On April 25, 2023, Churchill Downs Incorporated (“CDI”) (NASDAQ: CHDN) issued $600 million in aggregate principal amount of 6.750% senior notes due 2031 (the “Notes”) in connection with its previously announced private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). Indenture The terms of the Notes are governed by that certain Indenture (the “Indenture”) entered into on April 25, 2023 by and among CDI, the guarantors named therein (the “Guarantors”), and U.S. Bank Trust Company, National Association, as trustee.”
Governance Changes
Churchill Downs Inc: Amendment to Articles of Incorporation to effect a two-for-one stock split and increase authorized shares from 150 million to 300 million (effective 2023-05-19).
“On April 25, 2023, Churchill Downs Incorporated (the “Company”) filed an amendment (the “Amendment”) to the Company’s Amended and Restated Articles of Incorporation with the Secretary of State of the Commonwealth of Kentucky to effect a two-for-one split (the “Stock Split”) of the shares of the Company’s common stock, no par value (“Common Stock”), which was approved at the Company's regularly scheduled Board of Directors meeting on April 25, 2023. Pursuant to the Amendment, which becomes effective at the close of business on May 19, 2023 (the “Effective Date”), the Company’s authorized shares of common stock increase from 150,000,000 to 300,000,000 shares.”
Shareholder Votes
Churchill Downs Inc shareholders approved Advisory vote on frequency of advisory vote on executive compensation at the 2023-04-25 meeting.
“(4) Approval, on an advisory basis, of one year as the frequency of the advisory vote to approve executive compensation of the Company’s named executive officers One Year Two Years Three Years Abstentions Broker Non-Votes 29,457,407 118,237 478,449 59,153 2,452,735”
Shareholder Votes
Churchill Downs Inc shareholders approved Advisory vote on executive compensation at the 2023-04-25 meeting.
“(3) Approval, on an advisory basis, of the compensation of the Company’s named executive officers For Against Abstentions Broker Non-Votes 29,463,576 592,788 56,882 2,452,735”
Shareholder Votes
Churchill Downs Inc shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-04-25 meeting.
“(2) Ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered accounting firm for fiscal year 2023 For Against Abstentions Broker Non-Votes 32,120,822 420,795 24,364 —”
Shareholder Votes
Churchill Downs Inc shareholders approved Election of Class III Directors for a three year term at the 2023-04-25 meeting.
“(1) Election of Class III Directors for a three year term Nominee For Withheld Broker Non-Votes Robert L. Fealy 27,919,074 2,194,172 2,452,735 Douglas C. Grissom 29,192,635 920,611 2,452,735 Daniel P. Harrington 28,455,014 1,658,232 2,452,735”
Material Agreements
Churchill Downs Inc amended Incremental Joinder Agreement No. 2 with the lenders party thereto and JPMorgan Chase Bank, N.A. as Administrative Agent valued at $500 million.
“The Incremental Joinder provides for (i) an increase of the loans under the existing senior secured Term Loan A credit facility due 2027 (the “Increased Term Loan A”) from $800,000,000 to $1,300,000,000 and (ii) certain other amendments to the Credit Agreement, as set forth therein.”
Earnings Releases
Churchill Downs Inc reported fourth quarter and full year ended December 31, 2022 results: revenue Record 2022 net revenue of $1,809.8 million, up 13% compared to $1,597.2 million in the prior year, net income Record 2022 net income of $439.4 million, up 76% compared to $249.1 million in the prior year, EPS Diluted EPS $0.03 for Q4 2022, $1.11 for Q4 2021; $11.42 for full year 2022, $6.35 for full year 2021.
“A copy of the news release issued by Churchill Downs Incorporated (the "Company") on February 22, 2023 announcing the results of operations and financial condition for the fourth quarter and full year ended December 31, 2022 is attached hereto as Exhibit 99.1 and incorporated by reference herein.”
Andréa Carter was appointed as Class II Director at Churchill Downs Inc.
“On December 15, 2022, upon the recommendation of the Nominating and Governance Committee, the Board of Directors (the “Board”) of Churchill Downs Incorporated (the “Company”) appointed Andréa Carter as a Class II Director of the Company, effective immediately, to fill a vacancy created by an increase in the size of the Board.”
M&A Transactions
Churchill Downs Inc completed an acquisition involving Peninsula Pacific Entertainment Intermediate Holdings LLC for $2.75 billion in cash (closed 2022-11-01).
“or Disposition of Assets On the Closing Date, pursuant to the Purchase Agreement, the Company completed the P2E Transaction. The Company paid an aggregate consideration of US$2.75 billion in cash in connection with the P2E Transaction, subject to customary adjustments for working capital, indebtedness and certain other adjustments as set forth in the Purchase”
Austin Miller retired as Senior Vice President of Gaming Operations at Churchill Downs Inc.
“Austin Miller, Senior Vice President of Gaming Operations, has notified Churchill Downs Incorporated (the 'Company') of his decision to retire, effective March 1, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.