Who Optimizes SG&A Costs Better? Ingersoll Rand Inc. or Stanley Black & Decker, Inc.

Optimizing SG&A Costs: A Tale of Two Giants

In the competitive landscape of industrial manufacturing, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Ingersoll Rand Inc. and Stanley Black & Decker, Inc. have showcased contrasting strategies in this domain. From 2014 to 2023, Ingersoll Rand's SG&A expenses surged by approximately 167%, peaking in 2023. In contrast, Stanley Black & Decker maintained a relatively stable SG&A cost structure, with a modest increase of around 9% over the same period. Notably, in 2023, Ingersoll Rand's expenses reached 45% of Stanley Black & Decker's, up from 18% in 2014. This shift highlights Ingersoll Rand's aggressive expansion and investment in administrative capabilities. As these industry titans continue to evolve, their SG&A strategies will remain pivotal in shaping their financial health and competitive edge.