DPC Holdings (DPC) Q3 2026: EPS Beat of 140%, Order Book Hits $1 Billion

DPC Holdings posted adjusted earnings per share of $0.49 for the third quarter of 2026, more than double the consensus estimate of $0.20. Revenue of $308.1 million cleared the $266.4 million estimate by roughly 16%, marking the company's first full quarterly earnings report since its June IPO.

Strength in the highest-margin end markets drove a 380 basis point expansion in Engine Products segment adjusted EBITDA margin to 23.8%, even as metal cost pass-throughs and one-time IPO-related charges weighed on GAAP results.

The order book swelled to roughly $1 billion, with over 70% of revenue under long-term agreements. DPC also signed its fifth and largest Strategic Customer Partnership, a minimum 10-year Industrial Gas Turbine OEM contract anchored by capacity investment at its Bochum, Germany facility.

Management raised full-year 2026 revenue guidance to a range of $1.115 billion to $1.130 billion and lifted adjusted EBITDA guidance alongside it. New 2027 targets call for adjusted EPS of $1.00 to $1.10, though elevated capital expenditure leaves free cash flow guidance straddling breakeven.

On October 30, 2026, DPC acquired SeaCast's 50% stake in Montana Precision Products, a joint venture with GE Aerospace's Unison, a move management expects to be earnings accretive within the first year. The company also divested non-core unit Ivostud on October 23, 2026, and secured its first contract to supply casting product into the Unmanned Aerial Vehicle market, with deliveries expected in 2027.