SG&A Expenses: A Tale of Two Companies

A Decade of Financial Strategy

Over the past decade, C.H. Robinson Worldwide, Inc. and Nordson Corporation have showcased distinct trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2024, C.H. Robinson's SG&A expenses grew by approximately 100%, reflecting a strategic expansion in their operations. In contrast, Nordson Corporation experienced a more modest increase of around 40% over the same period.

Year-by-Year Insights

In 2014, Nordson's SG&A expenses were nearly double those of C.H. Robinson. However, by 2024, the gap narrowed significantly, with Nordson's expenses only about 27% higher. This shift highlights C.H. Robinson's aggressive growth strategy, particularly evident in the 2022-2024 period, where their expenses surged by 6% annually.

Strategic Implications

These trends underscore the differing strategic priorities of the two companies, with C.H. Robinson focusing on expansion and Nordson maintaining steady growth.