Revenues from Contracts with Customers

9 Months Ended

Jun. 30, 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 June 30, 2023, accounts receivable with customers were $95,340 and $88,603, respectively. Allowance for credit losses as of September 30, 2022 and June 30, 2023 were $428 and $858, 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 June 30, 2023, contract liabilities of $10,329 and $8,454, 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 $790, 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 nine months ended June 30, 2022 and 2023.

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2022		2023		2022		2023
Net revenues
Aerospace	$	60,981	$	77,456	$	162,354	$	208,586
Chemical processing		24,180		17,696		64,480		69,016
Industrial gas turbine		23,991		28,073		63,377		86,518
Other markets		14,518		13,416		38,760		45,688
Total product revenue		123,670		136,641		328,971		409,808
Other revenue		6,495		7,260		17,680		19,552
Net revenues	$	130,165	$	143,901	$	346,651	$	429,360