SG&A Efficiency Analysis: Comparing Howmet Aerospace Inc. and Owens Corning

SG&A Efficiency: A Tale of Two Giants

In the competitive landscape of aerospace and building materials, Howmet Aerospace Inc. and Owens Corning stand out with their strategic management of Selling, General, and Administrative (SG&A) expenses. Over the past decade, from 2014 to 2023, these two industry leaders have showcased contrasting trends in their SG&A efficiency.

Howmet Aerospace Inc. experienced a significant reduction in SG&A expenses, dropping by approximately 55% from 2014 to 2023. This decline reflects a strategic shift towards leaner operations, especially noticeable during the pandemic years of 2020 and 2021. In contrast, Owens Corning's SG&A expenses increased by about 71% over the same period, indicating a robust investment in administrative capabilities to support growth.

These trends highlight the diverse strategies employed by these companies to navigate economic challenges and capitalize on market opportunities, offering valuable insights into their operational priorities.