Breaking Down SG&A Expenses: Emerson Electric Co. vs Howmet Aerospace Inc.

A Tale of Two Giants: SG&A Expenses Over Time

In the competitive landscape of industrial manufacturing, Emerson Electric Co. and Howmet Aerospace Inc. have long been key players. From 2014 to 2023, Emerson Electric Co. consistently reported higher Selling, General, and Administrative (SG&A) expenses compared to Howmet Aerospace Inc., reflecting its expansive operations. Notably, Emerson's SG&A expenses peaked in 2014, reaching approximately 5.7 billion, before experiencing a 39% decline by 2016. Meanwhile, Howmet's expenses remained relatively stable, with a slight dip in 2020, coinciding with global economic challenges. By 2023, Emerson's expenses rebounded to around 4.2 billion, while Howmet's hovered near 340 million. This data highlights Emerson's larger scale and operational complexity, while Howmet's leaner structure may offer agility. Missing data for 2024 suggests a need for further analysis to understand future trends. As these companies navigate evolving markets, their SG&A strategies will be crucial in maintaining competitive edges.