Hubbell Incorporated or Textron Inc.: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: Hubbell or Textron?

In the competitive landscape of industrial manufacturing, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Hubbell Incorporated and Textron Inc. have demonstrated contrasting approaches to SG&A cost management. From 2014 to 2023, Hubbell's SG&A expenses have shown a steady increase, peaking at approximately 848 million in 2023, marking a 43% rise from 2014. In contrast, Textron's SG&A expenses have fluctuated, with a notable dip in 2020, but overall, they have maintained a more stable trajectory, averaging around 1.3 billion annually. This suggests that while Hubbell is expanding its operational scale, Textron is focusing on cost efficiency. However, the data for 2024 is incomplete, leaving room for speculation on future trends. As these industrial giants continue to evolve, their strategies in managing SG&A costs will be pivotal in shaping their financial health.