Concrete Pumping Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Property, Plant and Equipment

9 Months Ended

Jul. 31, 2024

Note 5. Property, Plant and Equipment

The significant components of property, plant and equipment as of July 31, 2024 and October 31, 2023 are comprised of the following:

	*As of July 31,*			*As of October 31,*
(in thousands)	*2024*			*2023*
Land, building and improvements	$	32,583		$	29,338
Finance leases—land and buildings		-			828
Machinery and equipment		535,934			517,514
Transportation equipment		10,523			9,306
Furniture and office equipment		4,149			3,817
Property, plant and equipment, gross		583,189			560,803
Less accumulated depreciation		(159,703	)		(133,155	)
Property, plant and equipment, net	$	423,486		$	427,648

For the three and nine months ended July 31, 2024 and 2023, depreciation expense is as follows:

	*Three Months Ended July 31,*				*Nine Months Ended July 31,*
(in thousands)	*2024*		*2023*		*2024*		*2023*
Cost of operations	$	10,221	$	9,396	$	29,617	$	27,718
General and administrative expenses		560		622		1,728		1,823
Total depreciation expense	$	10,781	$	10,018	$	31,345	$	29,541