Cost Management Insights: SG&A Expenses for Honeywell International Inc. and Dover Corporation

Cost Management Insights: SG&A Expenses for Industry Giants

In the ever-evolving landscape of industrial conglomerates, effective cost management remains a pivotal factor for sustained growth. Honeywell International Inc. and Dover Corporation, two stalwarts in the sector, have demonstrated varied strategies in managing their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Honeywell's SG&A expenses have seen a notable fluctuation, peaking in 2018 with a 15% increase from 2014, before declining by approximately 23% by 2023. In contrast, Dover Corporation maintained a more stable trajectory, with a modest 2% decrease in SG&A expenses over the same period. This comparative analysis highlights Honeywell's aggressive cost-cutting measures in recent years, while Dover's steady approach underscores its commitment to consistent operational efficiency. As these industry leaders navigate the complexities of global markets, their SG&A strategies offer valuable insights into the art of balancing growth and cost control.