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

In the world of corporate finance, Selling, General, and Administrative (SG&A) expenses are a crucial indicator of a company's operational efficiency. This analysis compares Howmet Aerospace Inc. and U-Haul Holding Company from 2014 to 2023, revealing intriguing trends.

Howmet Aerospace Inc.

Howmet Aerospace Inc. experienced a significant decline in SG&A expenses, dropping from a peak of approximately 770 million in 2014 to around 343 million in 2023. This represents a reduction of over 55%, indicating a strategic shift towards leaner operations.

U-Haul Holding Company

Conversely, U-Haul Holding Company maintained a more stable SG&A expense profile, with a slight decrease from 257 million in 2014 to 58 million in 2023. This 77% reduction suggests a focus on cost control and efficiency.

The data for 2024 is incomplete, highlighting the need for ongoing analysis to understand future trends.