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

SG&A Efficiency: A Tale of Two Companies

In the competitive landscape of aerospace and pool supplies, Howmet Aerospace Inc. and Pool Corporation present a fascinating study in SG&A efficiency. Over the past decade, Howmet Aerospace has seen a significant reduction in its Selling, General, and Administrative (SG&A) expenses, dropping from 77% of its 2014 levels to just 34% in 2023. This strategic cost management reflects a focused approach to operational efficiency.
Conversely, Pool Corporation has steadily increased its SG&A expenses, rising by nearly 101% from 2014 to 2023. This growth aligns with its expanding market presence and investment in customer service and distribution networks.
The contrasting trends highlight different strategic priorities: Howmet's emphasis on lean operations versus Pool's growth-driven expenditure. As these companies navigate their respective industries, their SG&A strategies will continue to play a pivotal role in shaping their financial health and competitive edge.