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DPC Holdings Reports Record Third Quarter 2026 Results

DPC
  • DPC Holdings PLC reported third quarter 2026 revenue of $308 million, a 39% year-over-year increase driven by Aerospace and Industrial Gas Turbine (IGT) markets.
  • Net income for the quarter was $32 million, contrasting with a $42 million loss in the same period of 2025.
  • Adjusted EBITDA reached $58 million, up 56% year-over-year, with an adjusted EBITDA margin of 18.9%.
  • Engine Products segment revenue grew 43% year-over-year, with 47% growth in Europe and 37% in North America.
  • Engine Products segment adjusted EBITDA grew 70% year-over-year, increasing 46% in Europe and 129% in North America.
  • The company acquired SeaCast's 50% stake in Montana Precision Products, a joint venture with Unison (a GE Aerospace company).
  • DPC signed its fifth Strategic Customer Partnership, a 10-year contract with an IGT OEM to fund over $200 million in capacity investment for expected $100 million in annual incremental margin-accretive revenue by 2032.
  • Debt was refinanced with a new $325 million unsecured senior revolving credit facility, replacing term loans and ABL lines.
  • The Ivostud business was divested on October 23, 2026, as it was non-core to the company's casting and superalloy operations.
  • Cash and cash equivalents stood at $277 million with borrowings of $86 million as of September 27, 2026, resulting in a net cash position of $192 million.
  • Full Year 2026 revenue guidance was raised to a range of $1,115 million to $1,130 million, up from the previous $1,000 million to $1,040 million.
  • Full Year 2027 revenue guidance was introduced, projecting a range of $1,230 million to $1,330 million.
  • Adjusted earnings per share for the quarter was $0.49, an improvement from $0.22 in the third quarter of 2025.
  • Order book increased to approximately $1 billion from $725 million as of December 31, 2025.
  • The Turbo Wheels segment saw revenue growth of 11.9% in the quarter, though adjusted EBITDA decreased slightly compared to the prior year.
  • Capital expenditure for the nine months ended September 27, 2026, was $14 million, including investments in capacity expansion for strategic partnerships.
  • CEO Mike Quinn highlighted strong structural growth drivers in Aerospace and IGT markets, including supply backlogs and high barriers to entry.