Operational Costs Compared: SG&A Analysis of Hubbell Incorporated and Allegion plc

A Decade of SG&A: Hubbell vs. Allegion

In the competitive landscape of industrial manufacturing, operational efficiency is paramount. Over the past decade, Hubbell Incorporated and Allegion plc have demonstrated distinct trajectories in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Hubbell's SG&A expenses grew by approximately 43%, peaking in 2023. Allegion, on the other hand, saw a more dramatic increase of around 64% over the same period.

Key Insights

• 2014-2018: Both companies maintained a steady rise, with Hubbell consistently outspending Allegion by about 10-15%.
• 2019-2023: Allegion's expenses surged, closing the gap with Hubbell, and even surpassing it in 2023.

This analysis highlights the strategic shifts and operational challenges faced by these industry giants, offering a window into their financial health and market strategies.