Comparing SG&A Expenses: Hubbell Incorporated vs Avery Dennison Corporation Trends and Insights

SG&A Expenses: A Tale of Two Corporations

In the competitive landscape of industrial and consumer goods, understanding the financial strategies of leading companies is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Hubbell Incorporated and Avery Dennison Corporation from 2014 to 2023.

Key Insights

Avery Dennison Corporation consistently outpaced Hubbell Incorporated in SG&A expenses, with an average of approximately 1.15 billion annually, compared to Hubbell's 688 million. Notably, Avery Dennison's expenses peaked in 2022, marking a 25% increase from 2014, reflecting strategic investments in growth and innovation. Conversely, Hubbell's expenses showed a steady rise, culminating in a 43% increase by 2023, indicating a focus on expanding operational capabilities.

Conclusion

These trends highlight differing strategic priorities: Avery Dennison's emphasis on market expansion and Hubbell's focus on operational enhancement. Such insights are invaluable for investors and industry analysts seeking to understand the financial dynamics of these corporations.