Managing SG&A Costs: Fastenal vs. Curtiss-Wright

In the competitive landscape of industrial giants, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Fastenal Company and Curtiss-Wright Corporation, two stalwarts in their respective fields, have shown distinct approaches over the past decade. From 2014 to 2023, Fastenal's SG&A expenses have surged by approximately 64%, reflecting its aggressive expansion strategy. In contrast, Curtiss-Wright has maintained a more conservative growth of around 17%, showcasing its focus on operational efficiency.

A Decade of Financial Strategy

Fastenal's SG&A expenses peaked in 2023, reaching nearly double that of Curtiss-Wright. This trend highlights Fastenal's commitment to scaling its operations, albeit at a higher cost. Meanwhile, Curtiss-Wright's steady expense management underscores its strategic emphasis on cost control. As we look to 2024, Fastenal's data remains incomplete, leaving room for speculation on its future financial maneuvers.