Old Dominion Freight Line, Inc. or Stanley Black & Decker, Inc.: Who Manages SG&A Costs Better?

SG&A Cost Management: A Tale of Two Companies

In the competitive world of logistics and manufacturing, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Old Dominion Freight Line, Inc. and Stanley Black & Decker, Inc. offer a fascinating comparison in this regard. From 2014 to 2023, Old Dominion Freight Line, Inc. demonstrated a steady increase in SG&A expenses, starting at approximately $145 million and reaching around $281 million by 2023. This represents a growth of about 94% over the decade. In contrast, Stanley Black & Decker, Inc. saw its SG&A expenses fluctuate, peaking at $3.37 billion in 2022 before dropping to $2.83 billion in 2023. Despite the higher absolute numbers, Stanley Black & Decker's expenses grew by only 9% over the same period. This data suggests that while Old Dominion Freight Line, Inc. has been expanding its operations, Stanley Black & Decker, Inc. has been more volatile in its cost management strategy.