Janney Capital Reiterated Buy on Churchill Downs (CHDN) Following 3Q Earnings Report
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Churchill Downs Incorporated Reports 2015 Third-Quarter Results
October 28, 2015 4:30 PM EDTLOUISVILLE, Ky., Oct. 28, 2015 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (NASDAQ: CHDN) (CDI or Company) today reported business results for the third quarter ended September 30, 2015.
Record net revenues of $279.8 million, up 61% over third-quarter 2014Record Adjusted EBITDA of $70.6 million, more than double prior year third quarterRecord net cash flows from operating activities for the nine months ended September 30, 2015 of $223.2 million, up 95% over prior year$1.15 per share dividend and $150 million stock repurchase plan approved by board of directorsMANAGEMENT COMMENTARYWe delivered record revenues and record Adjusted... More
