Stanley Black & Decker, Inc. and IDEX Corporation: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Companies

In the world of industrial giants, Stanley Black & Decker, Inc. and IDEX Corporation have carved distinct paths in their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Stanley Black & Decker consistently outspent IDEX, with an average SG&A expense nearly five times higher. However, the trend reveals a fascinating shift. While Stanley Black & Decker's expenses peaked in 2022, reaching a staggering 3.37 billion, they saw a decline in 2023, dropping to 2.83 billion. In contrast, IDEX Corporation's SG&A expenses have shown a steady upward trajectory, culminating in a 47% increase from 2014 to 2023. This divergence highlights the strategic differences in managing operational costs, with IDEX focusing on gradual growth and Stanley Black & Decker experiencing more volatility. As these companies navigate the future, their SG&A strategies will be pivotal in shaping their competitive edge.