Cost Management Insights: SG&A Expenses for Howmet Aerospace Inc. and Rockwell Automation, Inc.

Navigating Cost Management: A Tale of Two Giants

In the ever-evolving aerospace and automation sectors, effective cost management is crucial. Howmet Aerospace Inc. and Rockwell Automation, Inc. have demonstrated contrasting strategies in managing their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Howmet Aerospace saw a significant reduction in SG&A expenses, dropping from approximately 77% of Rockwell's expenses in 2014 to just 17% in 2023. This reflects a strategic shift, possibly towards leaner operations or a focus on core competencies. Meanwhile, Rockwell Automation's SG&A expenses have steadily increased, peaking in 2023, indicating robust investment in growth and innovation. The data for 2024 is incomplete, highlighting the dynamic nature of financial forecasting. These insights offer a window into the strategic priorities of these industry leaders, providing valuable lessons in cost management and operational efficiency.