Churchill Downs Incorporated announced that its Board of Directors has approved a new $750 million share repurchase program. This new authorization replaces the company's previous $500 million program from July 2025 and is not in addition to any remaining authority.
Key Details
- Authorization: The new program authorizes the repurchase of up to $750 million of the company's common stock.
- Replaces Prior Program: The plan replaces a prior $500 million authorization from July 2025 and includes the $306 million that remained available under that program as of October 27, 2026.
- Terms: Share repurchases can be made in the open market or through privately negotiated transactions at management's discretion. The program has no expiration date and can be suspended or discontinued at any time.