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

Navigating SG&A Expenses: A Tale of Two Corporations

In the ever-evolving landscape of corporate finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. This analysis delves into the SG&A expenses of Honeywell International Inc. and HEICO Corporation from 2014 to 2023.

Honeywell, a global leader in technology and manufacturing, consistently reported higher SG&A expenses, peaking in 2018 with approximately $6 billion. However, a notable decline of around 23% was observed by 2023, reflecting strategic cost management efforts. In contrast, HEICO, a niche aerospace and electronics company, showcased a remarkable upward trend. Starting at $195 million in 2014, their SG&A expenses surged by over 250% to $677 million in 2023, indicating robust growth and expansion.

This comparative insight highlights the diverse strategies employed by these corporations in navigating their financial landscapes, offering valuable lessons in cost management and operational efficiency.