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 and nine months ended September 30, 2025 and 2024 are shown in the following table:


	Three months ended				Nine months ended
	September 30,				September 30,
(in thousands)	2025		2024		2025		2024
Materials	$	28,357	$	26,158	$	94,695	$	99,369
Overhead		4,824		5,102		17,226		17,806
Labor costs		5,543		5,310		18,856		19,172
Other cost of goods sold ⁽¹⁾		4,196		4,098		14,981		16,050
Cost of goods sold	$	42,920	$	40,668	$	145,758	$	152,397

Employment costs	$	4,720	$	4,041	$	13,487	$	13,888
Warranty expense		1,237		695		3,226		2,898
Other selling, general and administrative expenses ⁽²⁾		1,406		906		7,088		5,023
Selling, general and administrative expenses	$	7,363	$	5,642	$	23,801	$	21,809

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