LOUISVILLE, Ky., March 12, 2025 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today that the Company's Board of Directors approved a $500 million share repurchase program. The new share repurchase program replaces the prior $500 million program that was authorized in September 2021 and had unused authorization of $125.6 million as of March 12, 2025. The new share repurchase program includes and is not in addition to any unspent amount remaining under the prior authorization. Share repurchases may be made at management's discretion from time to time in the open market (either with or without a 10b5-1 plan) or through privately negotiated transactions. The repurchase program has no time limit and may be suspended or discontinued at any time.

Churchill Downs Incorporated (NASDAQ:CHDN ) Q4 2024 Earnings Conference Call February 20, 2025 9:00 AM ET Company Participants Sam Ullrich - Vice President, Investor Relations Bill Carstanjen - Chief Executive Officer Marcia Dall - Chief Financial Officer Conference Call Participants Barry Jonas - Truist Securities Zach Silverberg - Wells Fargo David Katz - Jefferies Chad Beynon - Macquarie Jordan Bender - Citizens Jeff Stantial - Stifel Joe Stauff - SIG Daniel Guglielmo - Capital One Securities Ben Chaiken - Mizuho Operator Hello, and welcome to the Churchill Downs Incorporated Fourth Quarter and Full Year 2024 Results Conference Call. At this time, all participants are in a listen-only mode.

The headline numbers for Churchill Downs (CHDN) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.