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

Navigating SG&A Expenses: A Tale of Two Giants

In the ever-evolving landscape of corporate finance, effective cost management is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Honeywell International Inc. and Thomson Reuters Corporation from 2014 to 2023. Honeywell's SG&A expenses peaked in 2018, reaching approximately 6 billion, before experiencing a 23% decline by 2023. Meanwhile, Thomson Reuters saw a dramatic 99% reduction in SG&A expenses over the same period, from 9.2 billion in 2014 to a mere 64 million in 2023. This stark contrast highlights differing strategic approaches to cost management. Honeywell's relatively stable expenses suggest a consistent operational strategy, while Thomson Reuters' significant reduction may indicate a shift towards leaner operations. Understanding these trends provides valuable insights into how these industry leaders adapt to economic challenges and opportunities.