MPC has one reportable segment — its Powerboat Manufacturing business. The Chief Operating Decision Maker (CODM) makes resource allocation and performance assessment decisions based on this segment as a whole. MPC's CODM is the Chief Executive Officer. In addition, the Company’s results of operations and its financial condition are not significantly reliant upon any single customer or product model.

Significant segment expenses for the three months ended March 31, 2026 and 2025 are shown in the following table:


	Three months ended
	March 31,
(in thousands)	2026		2025
Materials	$	35,726	$	31,129
Overhead		6,961		5,697
Labor costs		7,439		6,387
Other cost of goods sold ⁽¹⁾		5,336		4,836
Cost of goods sold	$	55,462	$	48,049

Employment costs	$	4,632	$	3,806
Warranty expense		1,070		927
Other selling, general and administrative expenses ⁽²⁾		3,122		3,607
Selling, general and administrative expenses	$	8,824	$	8,340

Merger related costs	$	4,966	$	-

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details