SG&A Expenses: A Tale of Two Corporations

In the competitive landscape of industrial manufacturing, understanding the financial health of companies is crucial. Avery Dennison Corporation and Nordson Corporation, two giants in their respective fields, have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses over the past decade.

Avery Dennison Corporation

From 2014 to 2023, Avery Dennison's SG&A expenses have seen a steady increase, peaking in 2022 with a 15% rise from 2014. This upward trend reflects the company's strategic investments in marketing and administrative capabilities, crucial for maintaining its market leadership.

Nordson Corporation

Conversely, Nordson Corporation's SG&A expenses have been more volatile, with a notable 40% increase from 2014 to 2024. This fluctuation indicates a dynamic approach to managing operational costs, possibly in response to market demands and expansion strategies.

The data for 2024 is incomplete for Avery Dennison, highlighting the need for continuous monitoring to capture the full financial picture.