Cost Management Insights: SG&A Expenses for CNH Industrial N.V. and Curtiss-Wright Corporation

Navigating Cost Management: A Tale of Two Corporations

In the ever-evolving landscape of industrial giants, effective cost management remains a pivotal strategy. Over the past decade, CNH Industrial N.V. and Curtiss-Wright Corporation have showcased contrasting approaches to managing Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, CNH Industrial N.V. experienced a significant 36% reduction in SG&A expenses, reflecting a strategic shift towards leaner operations. In contrast, Curtiss-Wright Corporation saw a steady increase of approximately 17% in the same period, indicating a potential investment in growth and innovation.

The year 2022 marked a notable divergence, with CNH Industrial N.V. reaching its lowest SG&A expenses, while Curtiss-Wright Corporation peaked in 2023. These trends highlight the dynamic nature of cost management strategies and their impact on corporate performance. As industries continue to adapt, understanding these financial narratives offers valuable insights into the future of industrial cost management.