Cost Management Insights: SG&A Expenses for Howmet Aerospace Inc. and Curtiss-Wright Corporation

Navigating Cost Management: A Tale of Two Aerospace Giants

In the competitive aerospace industry, effective cost management is crucial for maintaining profitability. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Howmet Aerospace Inc. and Curtiss-Wright Corporation from 2014 to 2023. Over this period, Curtiss-Wright's SG&A expenses have shown a steady increase, peaking in 2023 with a 17% rise from 2014. In contrast, Howmet Aerospace experienced a significant decline, with expenses dropping by 55% from their 2016 peak. This divergence highlights differing strategic approaches: Curtiss-Wright's consistent investment in administrative functions versus Howmet's aggressive cost-cutting measures post-2016. These trends offer valuable insights into each company's operational priorities and financial health, providing a window into their strategic decision-making processes. As the aerospace sector continues to evolve, understanding these financial dynamics is essential for stakeholders and investors alike.