Selling, General, and Administrative Costs: Avery Dennison Corporation vs ITT Inc.

A Tale of Two Companies: SG&A Expenses Over Time

In the ever-evolving landscape of corporate finance, Selling, General, and Administrative (SG&A) expenses serve as a critical indicator of a company's operational efficiency. This analysis juxtaposes the SG&A expenses of Avery Dennison Corporation and ITT Inc. from 2014 to 2023. Avery Dennison, a leader in labeling and packaging materials, consistently outpaced ITT Inc., a diversified manufacturer, in SG&A spending. Notably, Avery Dennison's expenses peaked in 2022, marking a 25% increase from 2014, while ITT Inc. saw a 29% decrease over the same period. This divergence highlights Avery Dennison's aggressive growth strategy, contrasted with ITT's cost optimization efforts. The data reveals a compelling narrative of strategic priorities, with Avery Dennison investing heavily in expansion, while ITT focuses on streamlining operations. As businesses navigate the complexities of the modern market, understanding these financial dynamics is crucial for stakeholders and investors alike.