DPC Holdings (DPC) Registration filing summary

Company overview and business model

• Specialist manufacturer of complex, highly engineered precision cast components and superalloys for aerospace engines, industrial gas turbines (IGT), and transportation markets.

• Operates 14 global manufacturing facilities with vertical integration, including in-house superalloy production and post-cast processing.

• Revenue is diversified across OEM and aftermarket sales, with 70% under long-term agreements (LTAs) and 40% from aftermarket in 2025.

• Strategic partnerships with major OEMs drive customer-funded capacity expansion and incremental revenue growth.

Financial performance and metrics

• 2025 revenue: $837 million, up 12% from 2024; net loss: $173 million, improved from $193 million in 2024.

• Adjusted EBITDA for 2025: $138 million (16.5% margin), up from $97 million (13.0%) in 2024.

• Segment adjusted EBITDA margins in 2025: Engine Products-Europe 21.9%, Engine Products-North America 18.2%, Turbo Wheels 6.5%.

• Capital expenditures totaled $31 million in 2025, focused on capacity and capability expansion.

• Order backlog as of March 29, 2026: $930 million, covering more than 12 months of production.

Use of proceeds and capital allocation

• Net proceeds from the IPO will be used to repay outstanding indebtedness (including the Shareholder PIK Loan), fund working capital, future growth projects, and management incentive plan obligations.

• Potential for proceeds to be used for strategic acquisitions, though no current agreements exist.

• No plans to pay cash dividends in the foreseeable future; earnings will be retained for growth and debt reduction.