Concrete Pumping Holdings, Inc.

Note4. Prepaid Expenses and Other Current Assets

The significant components of prepaid expenses and other current assets as of* July 31, 2026* and* October 31, 2025* are comprised of the following:

Note5. Property, Plant and Equipment

The significant components of property, plant and equipment as of* July 31, 2026* and* October 31, 2025* are comprised of the following:

For thethree andnine months ended* July 31, 2026* and2025 depreciation expense is as follows:

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Note6. Goodwill and Intangible Assets

The Company has recognized goodwill and certain intangible assets in connection with prior business combinations.

There wereno triggering events during thenine months ended* July 31, 2026*. The Company will continue to evaluate its goodwill and intangible assets in future quarters.

The following table summarizes the composition of intangible assets as of* July 31, 2026* and* October 31, 2025*:

Amortization expense for thethree months ended* July 31, 2026* and2025 was $2.4 million and $2.9 million, respectively. Amortization expense for thenine months ended* July 31, 2026* and2025 was $7.3 million and $9.0 million, respectively.

The changes in the carrying value of goodwill by reportable segment for thenine months ended* July 31, 2026* are as follows:

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Note7. Long Term Debt and Revolving Lines of Credit

The table below is a summary of the composition of the Company’s debt balances as of* July 31, 2026* and* October 31, 2025*:

Senior Notes -2032 Notes

On* January 31, 2025,Brundage-Bone Concrete Pumping Holdings Inc., a Delaware corporation (the "Issuer") and a wholly-owned subsidiary of the Company issued $425.0 million aggregate principal amount of its 7.500% Senior Notes due2032* (the*"2032* Notes"). Interest on the2032 Notes accrues at a fixed rate of 7.500% per annum and is payable semi-annually on* February1st* and* August1st* of each year. The2032 Notes will mature on* February 1, 2032.The2032* Notes are senior secured obligations and are secured by second‑priority liens on substantially all assets of the Issuer and the guarantors, subject to first‑priority liens securing obligations under the ABL Facility (as defined below). As of* July 31, 2026*, there wereno material changes to the terms of our long-term debt and as of that date, the Company was in compliance with all covenants under the Indenture. For further information, see Note7 of the notes to consolidated financial statements in our Annual Report.

ABL Credit Facility

The asset-backed loan credit facility ("ABL Facility") provides a maximum revolver available of $350.0 million, letter of credit sublimit of $32.5 million and matures on the earlier of (a)* September 6, 2029or (b) the date that is180* days prior to (i) the final stated maturity date of the2032 Notes or (ii) the date the2032 Notes become due and payable. The ABL Facility also provides for an uncommitted accordion feature under which we can, subject to specified conditions, increase the ABL Facility by up to an additional $25.0 million.

There wasno outstanding balance under the ABL Facility as of* July 31, 2026* and as of that date, the Company was in compliance with all debt covenants. Borrowings are generally in the form of short-term fixed rate loans that can be extended to mature on the earlier of (a)* September 6, 2029or (b) the date that is180* days prior to (i) the final stated maturity date of the2032 Notes or (ii) the date the2032 Notes become due and payable. Amounts borrowed* may*be repaid at any time, subject to the terms and conditions of the agreement. The Company utilizes the ABL Facility to support its working capital arrangement.

As of* July 31, 2026* we had $314.3 million of available borrowing capacity under the ABL Facility, $1.1 million in credit line reserves and a letter of credit balance of $21.9 million. Debt issuance costs related to revolving credit facilities are capitalized and reflected as an asset in deferred financing costs in the accompanying condensed consolidated balance sheets and amortized over the term of the facility. The Company had unamortized debt issuance costs related to the revolving credit facilities of $1.6 million as of* July 31, 2026*.

For further information, see Note7 of the notes to consolidated financial statements in our Annual Report.

Note8. Accrued Expenses and Other Current Liabilities

The following table summarizes accrued expenses and other current liabilities as of* July 31, 2026* and* October 31, 2025*:

Note9. Stockholders’** Equity**

Share Repurchase Program

In* June 2025,the board of directors of the Company approved a $15.0 million increase to the Company’s share repurchase program. Including this increase, there have been a total of $50.0 million in authorizations since the inception of the share repurchase program in June 2022.In August 2026,the board of directors of the Company approved the extension of the expiration date of the existing share repurchase program, from December31, 2026 to November 30, 2028.*

The repurchase program permits shares to be repurchased in the open market, by block purchase, in privately negotiated transactions, inone or more transactions from time to time, or pursuant to any trading plan adopted in accordance with Rule10b5-1 of the Securities Exchange Act of1934, as amended, (the "Exchange Act"). Open market purchases will be conducted in accordance with the limitations set forth in Rule10b-18 of the Exchange Act and other applicable legal and regulatory requirements. The repurchase program* may*be suspended, terminated, extended or otherwise modified by the board of directors without notice at any time for any reason, including, without limitation, market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, capital and liquidity objectives, and other factors deemed appropriate by the Company's management.

The following table summarizes the shares repurchased, total cost of shares repurchased and average price per share for thethree andnine months ended* July 31, 2026* and2025. All repurchases were at market value.

Note10. Revenue Recognition

The table below summarizes our revenues as presented in our unaudited condensed consolidated statements of operations for thethree andnine months ended* July 31, 2026* and2025 by revenue type:

For further information, see Note2 of the notes to consolidated financial statements in our Annual Report.

Note11. Income Taxes

The following table summarizes income before income taxes and income tax expense for thethree andnine months ended* July 31, 2026* and2025:

For thethree months ended* July 31, 2026* and2025, the Company’s effective tax rate was 28.5% and 26.5%, respectively. The comparability of the effective tax rate was largely driven by less favorable impacts from permanent items, including taxes on foreign earnings and the impacts from share-based compensation limitations.

For thenine months ended* July 31, 2026* and2025, the Company’s effective tax rate was 30.4% and 21.8%, respectively. The comparability of the effective tax rate between both periods was primarily attributable to excess tax benefits recognized from stock vesting and option exercises in fiscal2025.

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Note12. Stock-Based Compensation

Pursuant to the Concrete Pumping Holdings, Inc.2018 Omnibus Incentive Plan, the Company has granted stock-based awards to certain employees in the U.S. and U.K.

The following table summarizes realized compensation expense related to stock options and restricted stock awards in the accompanying condensed consolidated statements of operations for thethree andnine months ended* July 31, 2026* and2025:

No cash payments to taxing authorities for employees' tax obligations related to restricted stock unit vesting's were made for thethree months ended* July 31, 2026and2025.* Total cash payments to taxing authorities for employees' tax obligations related to restricted stock unit vesting's for thenine months ended* July 31, 2026and2025* were $0.5 million and $0.6 million, respectively.

Note13. Earnings Per Share

The table below shows our basic and diluted EPS calculations for thethree andnine months ended* July 31, 2026* and2025:

Certain outstanding stock awards, options and preferred stock as provided below were excluded from the diluted earnings per share calculation for the periods presented because they were anti-dilutive.

For thethree months ended* July 31, 2026,2.5 million shares of Series A Preferred Stock and 0.3 million of restricted stock units were excluded. For thenine* months ended* July 31, 2026,*2.5 million shares of Series A Preferred Stock were excluded.

For thethree months ended* July 31, 2025,2.5 million shares of Series A Preferred Stock,0.8 million of restricted stock units and 0.1 million of outstanding options were excluded. For thenine* months ended* July 31, 2025,*2.5 million shares of Series A Preferred Stock,1.0 million of restricted stock units and 0.1 million of outstanding options were excluded.

Dividends

During thenine months ended* July 31, 2025,*the Company paid a special cash dividend of $1.00 per share totaling approximately $53.1 million.

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Note14. Supplemental Cash Flow Information

The table below shows supplemental cash flow information for thenine months ended* July 31, 2026* and2025:

The table below shows property, plant and equipment acquired butnot yet paid for as of* July 31, 2026* and2025:

Note15. Fair Value Measurement

The carrying amounts of the Company's cash and cash equivalents, accounts receivable, accounts payable and current accrued liabilities approximate their fair value as recorded due to the short-term maturity of these instruments, which approximates fair value. The Company’s outstanding obligations on its asset-backed loan ("ABL") credit facility are deemed to be at fair value as the interest rates on these debt obligations are variable and consistent with prevailing rates. There wereno changes since* October 31, 2025*in the Company's valuation techniques used to measure fair value.

Long-term debt instruments

The Company's long-term debt instruments are recorded at their carrying values in the condensed consolidated balance sheet, which* maydiffer from their respective fair values. The fair values of the long-term debt instruments are derived from Level2* inputs. The fair value amount of the long-term debt instruments as of* July 31, 2026* and* October 31, 2025* is presented in the table below based on the prevailing interest rates and trading activity of the Senior Notes.

All other non-financial assets

The Company's non-financial assets, which primarily consist of property and equipment, goodwill and other intangible assets, arenot required to be carried at fair value on a recurring basis and are reported at carrying value. However, on a periodic basis or whenever events or changes in circumstances indicate that their carrying value* may**not* be fully recoverable (and at least annually for goodwill and indefinite lived intangibles), non-financial instruments are assessed for impairment and, if applicable, written down to and recorded at fair value.

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Note16. Commitments and Contingencies

Insurance

Commercial Self-Insured Losses

The Company retains a significant portion of the risk for workers' compensation, automobile, and general liability losses ("self-insured commercial liability"). Reserves have been recorded that reflect the undiscounted estimated liabilities including claims incurred butnot reported. When a recognized liability is covered bythird-party insurance, the Company records an insurance claim receivable to reflect the covered liability. Amounts estimated to be paid withinone year have been included in accrued expenses and other current liabilities, with the remainder included in other non-current liabilities on the condensed consolidated balance sheets. Insurance claims receivables that are expected to be received fromthird-party insurance withinone year have been included in prepaid expenses and other current assets, with the remainder included in other non-current assets on the condensed consolidated balance sheets.

The following table summarizes as of* July 31, 2026* and* October 31, 2025* for (1) recorded liabilities, related to both asserted as well as unasserted insurance claims and (2) any related insurance claims receivables:

Medical Self-Insured Losses

The Company offers employee health benefits via a partially self-insured medical benefit plan. Participant claims exceeding certain limits are covered by a stop-loss insurance policy. The Company contracts with athird-party administrator for tasks including, butnot limited to, processing claims and remitting benefits. Thethird-party administrator requires the Company to maintain a bank account to facilitate the administration of claims.

As of* July 31, 2026* and* October 31, 2025*, the Company had accrued $1.9 million and $1.4 million, respectively, for estimated health claims incurred butnot reported based on historical claims amounts and average lag time. These accruals are included in accrued expenses and other current liabilities in the accompanying condensed consolidated balance sheets.

Litigation

The Company is currently involved in certain legal proceedings and other disputes withthird parties that have arisen in the ordinary course of business. Management believes that the outcomes of these matters willnot have a material impact on the Company’s financial statements and doesnot believe that any amounts need to be recorded for contingent liabilities in the Company’s condensed consolidated balance sheet.

Letters of credit

The ABL Facility provides for up to $32.5 million of standby letters of credit. As of* July 31, 2026*, total outstanding letters of credit totaled $21.9 million, all of which had been committed to the Company's commercial insurance providers.

Note17. Segment Reporting

The Company conducts business through three reportable segments based on geography and the nature of services sold, U.S. Concrete Pumping, U.S. Concrete Waste Management Services and U.K. Operations. Any differences between segment reporting and consolidated results are reflected in Other/Eliminations below or noted as intersegment amounts. All other non-segmented assets primarily include cash and cash equivalents and intercompany eliminations. The accounting policies of the segment reporting are the same as those described in Note2 of our Annual Report.

The Company’s chief operating decision maker ("CODM"), who is the CEO of the Company, makes decisions and evaluates the performance of each segment based on segment adjusted EBITDA. This measure is reviewed in monthly performance reports and is used to assess operating results, compare profitability across segments, and support resource allocation decisions such as budgeting and long-term planning. Results are compared to both budgeted amounts and prior year amounts to provide context and evaluate performance trends. Segment adjusted EBITDA includes direct operating expenses that are attributable to each segment and are regularly reviewed by the CODM. These direct operating expenses include employee cost of operations expenses, repairs and maintenance, fuel, and employee general and administrative ("G&A") expenses. Prior to thefourth quarter of2025, the CODM evaluated segment performance using segment EBITDA, which included results after allocated corporate expenses, loss on extinguishment of debt, stock-based compensation, other expense (income), net, and other adjustments. Beginning in thefourth quarter of2025, the CODM transitioned to using segment adjusted EBITDA as the measure of profit and loss. Segment adjusted EBITDA excludes the above allocations and adjustments, consistent with how the CODM now evaluates performance and allocates resources.

The following items are excluded from our segment adjusted EBITDA results as they are managed centrally,not regularly provided to our CODM by segment and arenot used in evaluating segment performance or resource allocation decisions:

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The following tables summarize the Company’s segment results, provide a reconciliation of total segment adjusted EBITDA to loss before income taxes and discloses other segmented balances or expenditures for thethree andnine months ending* July 31, 2026and2025:*

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Note18. Subsequent Events

On* September 2, 2026,the Company's Board of Directors approved the initiation of a regular quarterly cash dividend program and declared an initial quarterly cash dividend of $0.13 per share of common stock. The initial dividend is payable on October 2, 2026,to stockholders of record at the close of business on September 18, 2026.*

The Company currently intends to pay regular quarterly cash dividends. The declaration and payment of any future dividend, however, will be subject to the discretion of the Board of Directors and applicable law. Future dividend declarations, amounts, record dates and payment dates will depend on, among other factors, the Company’s results of operations, cash flows, financial condition, capital requirements, contractual restrictions, available cash and other factors the Board considers relevant at the applicable time. The Board* maymodify, suspend or discontinue the dividend program at any time, and the program doesnot* obligate the Company to declare any future dividends.

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