Operational Costs Compared: SG&A Analysis of Howmet Aerospace Inc. and Cummins Inc.

A Decade of SG&A: Howmet Aerospace vs. Cummins Inc.

In the ever-evolving landscape of aerospace and automotive industries, operational efficiency is paramount. Over the past decade, Cummins Inc. and Howmet Aerospace Inc. have showcased contrasting trends in their Selling, General, and Administrative (SG&A) expenses. Cummins Inc., a leader in power solutions, has seen a steady increase in SG&A costs, peaking at a 53% rise from 2014 to 2023. This reflects their aggressive expansion and innovation strategies. Conversely, Howmet Aerospace, a key player in advanced engineering solutions, experienced a 55% decline in SG&A expenses, indicating a strategic shift towards leaner operations post-2020. The year 2020 marked a significant dip for both companies, likely due to global disruptions. As we look to the future, these trends offer insights into each company's strategic priorities and market positioning.