Churchill Downs Inc., the owner of six racetracks, had net income of $28 million in the second quarter of 2003, or $2.09 per share, the company's best second-quarter posting in its history.
During the second quarter, Churchill holds the Kentucky Derby, its most profitable event. Last year, net income during the second quarter was $23.1 million, and earnings per share was $1.73.
Revenue in the second quarter this year was also a record, at $180.5 million, up 4.6 percent compared with last year's second-quarter revenue of $172.6 million.