Optimizing SG&A Costs: A Tale of Two Companies

In the competitive world of business, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Curtiss-Wright Corporation and Rentokil Initial plc, two industry giants, have taken different paths in optimizing these costs over the past decade.

A Decade of Financial Strategy

From 2014 to 2023, Curtiss-Wright Corporation maintained a relatively stable SG&A expense, averaging around $429 million annually. This consistency reflects a disciplined approach, with fluctuations of less than 10% year-over-year. In contrast, Rentokil Initial plc experienced more volatility, with expenses peaking at nearly $2.87 billion in 2023, a staggering 200% increase from its 2019 low.

Strategic Insights

Curtiss-Wright's steady expense management suggests a focus on operational efficiency, while Rentokil's fluctuations may indicate strategic investments or restructuring efforts. Understanding these trends offers valuable insights into each company's financial health and strategic priorities.