CHDN Q1 2024 Earnings — Churchill Downs Incorporated Revenue & Financial Results | Market Cap Arena

CHDNChurchill Downs Incorporated

$6B

Q1 2024 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$591M+5.6% YoY

Gross Profit

$185M31.3% margin

Operating Income

$126M21.4% margin

Net Income

$80M13.6% margin

EPS (Diluted)

$1.08

QoQ Revenue Growth

+5.3%

Cash Flow

Operating Cash Flow

$255M

Free Cash Flow

$100M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$7.1B

Total Liabilities

$6.2B

Stockholders' Equity

$827M

Cash & Equivalents

$149M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$591M	$560M	+5.6%
Gross Profit	$185M	$172M	+7.7%
Operating Income	$126M	$120M	+5.3%
Net Income	$80M	$156M	-48.4%

Revenue Segments

Gaming

$239M38%

Pari-Mutuel, Historical Racing

$221M35%

Pari-Mutuel, Live And Simulcast Racing

$101M16%

Product and Service, Other

$63M10%

Racing Event-Related Services

$3M1%