SG&A Efficiency Analysis: Comparing Howmet Aerospace Inc. and Nordson Corporation

SG&A Efficiency: A Comparative Analysis

In the ever-evolving aerospace and manufacturing sectors, understanding operational efficiency is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Howmet Aerospace Inc. and Nordson Corporation from 2014 to 2023.

Howmet Aerospace Inc. experienced a significant reduction in SG&A expenses, dropping from approximately 770 million in 2014 to 343 million in 2023. This represents a remarkable 55% decrease, highlighting their strategic cost management. In contrast, Nordson Corporation's SG&A expenses showed a steady increase, peaking at 812 million in 2024, a 40% rise from 2014.

The data reveals a stark contrast in financial strategies, with Howmet focusing on cost-cutting and Nordson investing in growth. Missing data for Howmet in 2024 suggests a potential shift or restructuring. This analysis underscores the importance of SG&A efficiency in maintaining competitive advantage in dynamic industries.