Churchill Downs, Inc. (NASDAQ:CHDN) Q4 2022 Earnings Conference Call February 23, 2023 9:00 AM ET

Company Participants

Nick Zangari - Vice President of Treasury and Investor Relations

William Carstanjen - Chief Executive Officer

William Mudd - President and Chief Operating Officer

Marcia Dall - Chief Financial Officer and Executive Vice President

Brad Blackwell - General Counsel

Conference Call Participants

David Katz - Jefferies

Daniel Politzer - Wells Fargo

Chad Beynon - Macquarie

Shaun Kelley - Bank of America

Joseph Stauff - Susquehanna

Jordan Bender - JMP Securities

Omer Sander - JPMorgan

Operator

Good day, ladies and gentlemen, and welcome to the Churchill Downs Incorporated 2022 Fourth Quarter and Year-End Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct the question-and-answer session. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to introduce your host for today's conference. Mr. Nick Zangari, Vice President, Treasury and Investor Relations.

Nick Zangari

Thank you, Andrew. Good morning, and welcome to our fourth quarter and year-end 2022 earnings conference call. After the company's prepared remarks, we will open the call for your questions. The company's 2022 fourth quarter and year-end business results were released yesterday afternoon. A copy of this release announcing results and other financial and statistical information about the period to be presented in this conference call, including information required by Regulation G, is available at the section of the company's website titled News, located at churchilldownsincorporated.com as well as in the website's Investors section.

Before we get started, I would like to remind you that some of the statements that we make today may include forward-looking statements. These statements involve a number of risks and uncertainties that could cause actual results to differ materially. All forward-looking statements should be considered in conjunction with the cautionary statements in our earnings release and the risk factors included in our filings with the SEC, specifically the most recent report on Form 10-K.

Any forward-looking statements that we make are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events. During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today's earnings press release. The press release and Form 10-K are available on our website at churchilldownsincorporated.com. And now I'll turn the call over to our Chief Executive Officer, Mr. Bill Carstanjen.