Breaking Down SG&A Expenses: Howmet Aerospace Inc. vs Stanley Black & Decker, Inc.

A Tale of Two Giants: SG&A Expenses Over Time

In the ever-evolving landscape of aerospace and industrial tools, Howmet Aerospace Inc. and Stanley Black & Decker, Inc. stand as titans. From 2014 to 2023, these companies have navigated the complexities of Selling, General, and Administrative (SG&A) expenses with distinct strategies. Howmet Aerospace, with its roots in aerospace innovation, saw a significant reduction in SG&A expenses, dropping by nearly 55% from 2014 to 2023. This reflects a strategic shift towards leaner operations, especially post-2020. In contrast, Stanley Black & Decker, a leader in industrial tools, experienced a 30% increase in SG&A expenses over the same period, peaking in 2022. This rise underscores their aggressive expansion and market penetration strategies. The data reveals a fascinating narrative of adaptation and growth, highlighting the diverse paths these industry leaders have taken in response to market demands and economic shifts.