AMETEK, Inc. or Dover Corporation: Who Manages SG&A Costs Better?

Managing SG&A Costs: A Tale of Two Corporations

In the competitive landscape of industrial manufacturing, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. AMETEK, Inc. and Dover Corporation, two giants in the industry, have shown distinct approaches over the past decade. From 2014 to 2023, AMETEK's SG&A expenses grew by approximately 46%, reflecting a strategic investment in operational efficiency and market expansion. In contrast, Dover Corporation's SG&A costs remained relatively stable, with a modest increase of around 2% over the same period. This stability suggests a focus on cost control and streamlined operations. While AMETEK's approach may indicate aggressive growth strategies, Dover's steadiness could imply a commitment to maintaining a lean operational model. As these companies continue to evolve, their SG&A management strategies will likely play a pivotal role in their financial health and competitive positioning.