Breaking Down SG&A Expenses: Graco Inc. vs CNH Industrial N.V.

SG&A Expenses: A Tale of Two Companies

In the competitive landscape of industrial manufacturing, understanding the financial dynamics of companies like Graco Inc. and CNH Industrial N.V. is crucial. Over the past decade, these two giants have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses.

From 2014 to 2023, CNH Industrial N.V. experienced a notable decline in SG&A expenses, dropping from approximately $2.9 billion to $1.9 billion, a reduction of about 35%. This trend reflects strategic cost management and operational efficiency. In contrast, Graco Inc. saw a steady increase in its SG&A expenses, rising from $304 million to $432 million, marking a 42% growth. This increase could indicate expansion efforts or investments in innovation.

These contrasting trends highlight the diverse strategies employed by these companies to navigate the industrial sector's challenges and opportunities.