Selling, General, and Administrative Costs: Howmet Aerospace Inc. vs ITT Inc.

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

In the competitive aerospace and engineering sectors, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. From 2014 to 2023, Howmet Aerospace Inc. and ITT Inc. have navigated these financial waters with varying strategies. Howmet Aerospace saw a significant reduction in SG&A expenses, dropping from a high of approximately 770 million in 2014 to around 343 million in 2023, a decrease of over 55%. This reflects a strategic shift, possibly towards leaner operations. In contrast, ITT Inc. maintained a more stable SG&A expense profile, with a slight decrease from 520 million in 2014 to 477 million in 2023, indicating consistent operational strategies. The year 2020 marked a pivotal point for both companies, with Howmet's expenses plummeting by 62% compared to 2019, likely due to pandemic-induced operational changes. This analysis highlights the dynamic nature of financial management in these industries.