Stanley Black & Decker, Inc. vs ITT Inc.: SG&A Expense Trends

SG&A Expense Trends: A Tale of Two Companies

In the competitive landscape of industrial manufacturing, understanding the financial strategies of key players is crucial. Over the past decade, Stanley Black & Decker, Inc. and ITT Inc. have showcased distinct trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Stanley Black & Decker's SG&A expenses have seen a steady increase, peaking in 2022 with a 30% rise from 2014 levels. In contrast, ITT Inc. experienced a more volatile pattern, with a notable dip in 2020, followed by a resurgence in 2023, marking a 9% increase from their 2014 figures. This divergence highlights differing strategic priorities, with Stanley Black & Decker focusing on consistent growth, while ITT Inc. navigates through market fluctuations. These insights provide a window into the operational efficiencies and market positioning of these industrial giants.