Stanley Black & Decker, Inc. or Graco Inc.: Who Manages SG&A Costs Better?

Managing SG&A Costs: A Tale of Two Companies

In the competitive landscape of industrial manufacturing, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Graco Inc. and Stanley Black & Decker, Inc. have demonstrated contrasting approaches to SG&A cost management.

From 2014 to 2023, Graco Inc. consistently maintained lower SG&A expenses, averaging around 380 million annually. This represents a modest increase of approximately 53% over the period. In contrast, Stanley Black & Decker, Inc. faced higher SG&A costs, averaging nearly 2.94 billion annually, with a peak in 2022. However, 2023 saw a notable reduction of about 16% in their expenses, indicating a strategic shift.

While Graco Inc. showcases steady growth and cost control, Stanley Black & Decker, Inc.'s recent cost-cutting efforts could signal a new era of efficiency. As these industry giants evolve, their SG&A strategies will be pivotal in shaping their financial futures.