Graco Inc. or Clean Harbors, Inc.: Who Manages SG&A Costs Better?

Managing SG&A Costs: A Tale of Two Companies

In the competitive landscape of industrial services, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Clean Harbors, Inc. and Graco Inc. have demonstrated contrasting approaches to SG&A cost management. From 2014 to 2023, Clean Harbors saw a 53% increase in SG&A expenses, peaking in 2023. In contrast, Graco Inc. maintained a steadier trajectory, with a 42% rise over the same period. Notably, Graco's expenses remained consistently lower, suggesting a more efficient cost management strategy. The data reveals that while Clean Harbors experienced significant fluctuations, Graco's expenses grew more predictably, reflecting a potentially more sustainable approach. As businesses navigate economic uncertainties, these insights underscore the importance of strategic SG&A management in maintaining competitive advantage.