Howmet Aerospace Inc. and Clean Harbors, Inc.: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Companies

In the ever-evolving landscape of aerospace and environmental services, Howmet Aerospace Inc. and Clean Harbors, Inc. present a fascinating study in contrasts. Over the past decade, these two industry giants have navigated their respective sectors with distinct strategies, as reflected in their Selling, General, and Administrative (SG&A) expenses.

From 2014 to 2023, Clean Harbors, Inc. has shown a steady increase in SG&A spending, peaking in 2023 with a 62% rise from its 2014 levels. This upward trend underscores the company's commitment to expanding its operational capabilities and market reach. Conversely, Howmet Aerospace Inc. experienced a significant decline in SG&A expenses, dropping by 55% from 2014 to 2023. This reduction highlights a strategic shift towards efficiency and cost management, particularly evident during the challenging years of 2020 and 2021.

These divergent paths offer valuable insights into how companies adapt their financial strategies to align with industry demands and economic conditions.