Cost Management Insights: SG&A Expenses for Waste Management, Inc. and Howmet Aerospace Inc.

Navigating SG&A Expenses: A Tale of Two Giants

In the ever-evolving landscape of corporate finance, effective cost management is crucial. Waste Management, Inc. and Howmet Aerospace Inc. offer a fascinating study in contrasts over the past decade. From 2014 to 2023, Waste Management's Selling, General, and Administrative (SG&A) expenses have consistently outpaced those of Howmet Aerospace, peaking at nearly 1.9 billion in 2022. This represents a steady increase of approximately 30% from 2014. In contrast, Howmet Aerospace saw a significant reduction in SG&A expenses, dropping by nearly 60% from 2014 to 2021, before a slight rebound in 2023. This divergence highlights differing strategic priorities and operational efficiencies. As businesses navigate the complexities of the modern economy, understanding these trends provides valuable insights into corporate strategy and financial health.