Howmet Aerospace Inc. vs Graco Inc.: SG&A Expense Trends

SG&A Expense Trends: A Tale of Two Companies

In the competitive landscape of aerospace and manufacturing, understanding cost structures is crucial. Over the past decade, Howmet Aerospace Inc. and Graco Inc. have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Graco Inc. has seen a steady increase in SG&A expenses, growing approximately 53% from 2014 to 2023. This consistent rise reflects Graco's strategic investments in operational efficiency and market expansion.

Conversely, Howmet Aerospace Inc. experienced a significant fluctuation, with a peak in 2016 and a notable decline by 2021, dropping nearly 73% from its 2016 high. This volatility may indicate strategic shifts or market challenges. The absence of data for 2024 suggests ongoing adjustments. These trends highlight the dynamic nature of corporate financial strategies in response to market demands and internal objectives.