EMCOR Group, Inc. or CNH Industrial N.V.: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: EMCOR Group, Inc. or CNH Industrial N.V.?

In the competitive landscape of industrial giants, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, EMCOR Group, Inc. and CNH Industrial N.V. have shown contrasting trends in their SG&A management. From 2014 to 2023, EMCOR's SG&A expenses grew by approximately 93%, reflecting a strategic expansion and investment in operational efficiency. In contrast, CNH Industrial's SG&A costs decreased by about 36%, indicating a focus on cost-cutting and streamlined operations.

Key Insights

• EMCOR Group, Inc.: Demonstrated a steady increase in SG&A expenses, peaking in 2023, suggesting robust growth and market penetration.
• CNH Industrial N.V.: Managed to reduce SG&A expenses significantly, showcasing effective cost management strategies.

These trends highlight differing strategic priorities, with EMCOR focusing on growth and CNH Industrial emphasizing cost efficiency.