Revenues from Contracts with Customers

6 Months Ended

Mar. 31, 2023

Revenues from Contracts with Customers

Revenues from Contracts with Customers

Note 3.  Revenues from Contracts with Customers

Contract Balances

As of September 30, 2022 and March 31, 2023, accounts receivable with customers were $95,340 and $100,575, respectively. Allowance for credit losses as of September 30, 2022 and March 31, 2023 were $428 and $846, respectively, and are presented within accounts receivable, less allowance for credit losses on the Consolidated Balance Sheet.

Contract liabilities are recognized when the Company has received consideration from a customer to transfer goods or services at a future point in time when the Company performs under the purchase order or contract.  As of September 30, 2022 and March 31, 2023, contract liabilities of $10,329 and $9,079, respectively, for the Titanium Metals Corporation agreement, as described in Note 8 to the Condensed Consolidated Financial Statement have been recorded. Additionally, contract liabilities of $700 and $830, respectively, were recorded for accrued product returns.

Disaggregation of Revenue

Revenue is disaggregated by end-use markets.  The following table includes a breakdown of net revenues to the markets served by the Company for the three and six months ended March 31, 2022 and 2023.

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2022		2023		2022		2023
Net revenues
Aerospace	$	52,918	$	66,612	$	101,373	$	131,130
Chemical processing		22,850		28,605		40,300		51,320
Industrial gas turbine		24,788		32,420		39,386		58,445
Other markets		9,755		17,550		24,242		32,272
Total product revenue		110,311		145,187		205,301		273,167
Other revenue		6,745		7,599		11,185		12,292
Net revenues	$	117,056	$	152,786	$	216,486	$	285,459