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

A Decade of SG&A Trends: Howmet Aerospace vs. Hubbell

In the ever-evolving landscape of aerospace and electrical products, operational efficiency is key. Over the past decade, Howmet Aerospace Inc. and Hubbell Incorporated have showcased contrasting trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Howmet Aerospace saw a significant reduction in SG&A costs, dropping by approximately 55%, from a peak in 2016 to a low in 2021. This decline reflects strategic cost management and operational streamlining.

Conversely, Hubbell Incorporated experienced a steady increase in SG&A expenses, rising by about 43% over the same period. This growth, peaking in 2023, may indicate expansion efforts or increased investment in administrative capabilities. These trends highlight the diverse strategies employed by these industry giants to navigate economic challenges and capitalize on market opportunities. Understanding these patterns offers valuable insights into corporate strategy and financial health.