Revenues from Contracts with Customers

9 Months Ended

Jun. 30, 2024

Revenues from Contracts with Customers

Revenues from Contracts with Customers

Note 3.  Revenues from Contracts with Customers

Contract Balances

As of September 30, 2023 and June 30, 2024, accounts receivable with customers were $106,751 and $104,989, respectively.  Allowance for credit losses as of September 30, 2023 and June 30, 2024 were $459 and $522, respectively, and are presented within accounts receivable, less allowances for credit losses on the Consolidated Balance Sheets.    

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, 2023 and June 30, 2024, contract liabilities of $7,829 and $5,954, respectively, for the Titanium Metals Corporation agreement, as described in Note 8 in these Notes to Condensed Consolidated Financial Statement have been recorded.  Additionally, contract liabilities of $810 and $775, 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, 2023 and 2024:

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2023		2024		2023		2024
Net revenues
Aerospace	$	77,456	$	82,607	$	208,586	$	233,093
Chemical processing		17,696		16,267		69,016		54,715
Industrial gas turbine		28,073		32,016		86,518		102,986
Other markets		13,416		14,932		45,688		40,126
Total product revenue		136,641		145,822		409,808		430,920
Other revenue		7,260		8,101		19,552		22,818
Net revenues	$	143,901	$	153,923	$	429,360	$	453,738