Concrete Pumping Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Note 6 - Property, Plant and Equipment

12 Months Ended

Oct. 31, 2024

Note 6. Property, Plant and Equipment

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

	*As of October 31,*			*As of October 31,*
(in thousands)	*2024*			*2023*
Land, building and improvements	$	32,724		$	29,338
Finance leases—land and buildings		-			828
Machinery and equipment		534,014			517,514
Transportation equipment		11,133			9,306
Furniture and office equipment		4,187			3,817
Property, plant and equipment, gross		582,058			560,803
Less accumulated depreciation		(166,332	)		(133,155	)
Property, plant and equipment, net	$	415,726		$	427,648

Depreciation expense for the years ended October 31, 2024 and 2023 is as follows:

	*Year Ended October 31,*
(in thousands)	*2024*		*2023*
Cost of operations	$	39,644	$	37,336
General and administrative expenses		2,325		2,420
Total depreciation expense	$	41,969	$	39,756