Property, Plant & Equipment

9 Months Ended

Jul. 31, 2026

Property, Plant and Equipment [Abstract]

Property, plant and equipment consisted of the following as of July 31, 2026 and October 31, 2025 (in thousands):


	July 31, 2026		October 31, 2025
Land and land improvements	$	22,072	$	21,725
Buildings and building improvements	189,038		194,034
Machinery and equipment	586,011		548,623
Construction in progress	52,886		62,018
Property, plant and equipment, gross	850,007		826,400
Less: Accumulated depreciation	455,986		414,809
Property, plant and equipment, net	$	394,021	$	411,591

Depreciation expense, including amortization of finance leases, for the three and nine months ended July 31, 2026 was $14.3 million and $43.7 million, respectively, and $21.6 million and $48.2 million for the comparable prior year periods. Prior year included a one-time depreciation charge of $7.3 million to reflect the application on useful lives on an asset-by-asset basis.

We did not record any impairment charges related to property, plant and equipment or intangible assets for the periods ended July 31, 2026 and October 31, 2025.