First quarter adjusted SG&A from continuing operations totaled $608 million, or 23.2 as a percentage of sales, a decrease of 310 basis points from the prior year period. This year-over-year decrease reflects the benefit from the reclassification of functional costs along with lower stock compensation expenses in the quarter, and continued disciplined expense management.
May 1, 2025 / receipt, needs a key / Joel Grady, CFO | earnings call 2025-05-01 | transcript 599a4e92-b626-4ff6-a11d-fd4c617266de | chars 15868-16240 | segment 16
Our focus on efficiency and discipline expense management has gone a long way to partially offset these challenges.
Apr 28, 2022 / receipt, needs a key / Joel Nava, CEO | earnings call 2022-04-28 | transcript ae46ed01-2e66-4bd9-a8c8-8e3103282a6d | chars 5132-5247 | segment 5
We're working through these headwinds with consistent focus on operational efficiency and disciplined expense management.
Apr 28, 2022 / receipt, needs a key / Jay Saccaro, CFO | earnings call 2022-04-28 | transcript ae46ed01-2e66-4bd9-a8c8-8e3103282a6d | chars 11681-11802 | segment 11
Adjusted SG&A of $640 million increased 11% as compared to the prior year period and was favorable to expectations driven by disciplined expense management, which more than offset increased supply chain and logistics expenses recognized in the quarter.
Oct 28, 2021 / receipt, needs a key / Jay Saccaro, CFO | earnings call 2021-10-28 | transcript 411bcc49-58e3-4225-a25b-c228ed3a7ed3 | chars 15851-16103 | segment 15
We've still been very limited on a travel basis. We've still been very limited on a promotional basis in light of the COVID environment that we're faced with. And so we'll expect to resume normal activities as we move into next year. and there will be some uptick in SG&A percent of sales is our current expectation.
Oct 28, 2021 / receipt, needs a key / Jay, other | earnings call 2021-10-28 | transcript 411bcc49-58e3-4225-a25b-c228ed3a7ed3 | chars 22927-23243 | segment 22
First, and I referenced this earlier, there will be a normalization of operating expenses as we resume activity, promotional activity and travel. And that's our current expectation.
Oct 28, 2021 / receipt, needs a key / Jay, other | earnings call 2021-10-28 | transcript 411bcc49-58e3-4225-a25b-c228ed3a7ed3 | chars 37698-37879 | segment 37
And what I mean by that is things like travel, the bonus pool, discretionary spending, All of those were sources of savings in 2020, and those pools are rebuilt in 2021 as we start to look at accelerating growth for the long term.
Feb 4, 2021 / receipt, needs a key / Jay Lampia, CFO | earnings call 2021-02-04 | transcript 9761afcf-c7d5-41b3-9439-3548ddeaa143 | chars 23510-23740 | segment 23
We expect year-over-year reductions in operating expenses driven by continued financial discipline as well as lower travel and meeting expenses.
Oct 29, 2020 / receipt, needs a key / Joe Kaeser, CEO | earnings call 2020-10-29 | transcript 36fb3085-11bc-4020-937b-280d24835886 | chars 16563-16707 | segment 16
Adjusted SG&A of $577 million declined 5% on a year-over-year basis, primarily driven by our ongoing focus on expense management, reduced discretionary spending resulting from COVID restrictions, and lower bonus accruals under our annual employee incentive compensation plans.
Jul 30, 2020 / receipt, needs a key / Joe, CEO | earnings call 2020-07-30 | transcript 4017e10c-6692-4871-87c8-195709ccec2f | chars 13702-13978 | segment 14
Well, there are a lot of mechanisms that we will put in place to offset from a spending control standpoint, things like travel, things like other discretionary areas, Robbie, you know as well as I do, you know, this company is incredibly focused on zero-based budgeting and really smart spending on every single dollar.
Jul 30, 2020 / receipt, needs a key / Jay, CFO | earnings call 2020-07-30 | transcript 4017e10c-6692-4871-87c8-195709ccec2f | chars 25838-26157 | segment 26
Year-over-year operating expense reductions will be driven by continued financial discipline as well as lower travel and meeting expenses.
Jul 30, 2020 / receipt, needs a key / Joe, CEO | earnings call 2020-07-30 | transcript 4017e10c-6692-4871-87c8-195709ccec2f | chars 17717-17855 | segment 17
We expect an SG&A benefit from reduced travel and meeting expenses to be partially offset by increased technology expenses, along with our efforts to compensate select sales and marketing employees for the impacts of lost commission-based compensation where appropriate.
Apr 30, 2020 / receipt, needs a key / Jay McAllister, CEO | earnings call 2020-04-30 | transcript 7a5f386b-8cf5-4280-ba92-be9d4bee601b | chars 18303-18573 | segment 18
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company_statement / Sep 16, 2026 / receipt
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company_statement / Sep 16, 2026 / receipt
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company_statement / Sep 16, 2026 / receipt
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company_statement / Sep 16, 2026 / receipt
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company_statement / Sep 16, 2026 / receipt
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company_statement / Sep 16, 2026 / receipt
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company_statement / Sep 16, 2026 / receipt
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company_statement / Sep 15, 2026 / receipt
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company_statement / Sep 15, 2026 / receipt
| Andrew Hider | President and Chief Executive Officer | - | receipt |
| Anita Zielinski | Senior Vice President | - | receipt |
| Brent Shaper | CEO | - | receipt |
| Brian Stevens | Senior Vice President | - | receipt |
| Giuseppe Accogli | Executive Vice President and Chief Operating Officer | - | receipt |
| Heather Knight | COO | - | receipt |
| Jason Carl | CFO | - | receipt |
| Jay Lampia | CFO | - | receipt |
| Jay McAllister | CEO | - | receipt |
| Jay Saccaro | CFO | - | receipt |
| Joe Almeida | CEO | - | receipt |
| Joe Kaeser | CEO | - | receipt |
| Joe Kappos | CEO | - | receipt |
| Joel Grady | CFO | - | receipt |
| Joel Leda | CEO | - | receipt |
| Joel Maida | CEO | - | receipt |
| Joel Nava | CEO | - | receipt |
| Joel T. Grade | Executive Vice President and Chief Financial Officer | - | receipt |
| Lead Independent | Director | - | receipt |
| 2026-10-29 | earnings call | scheduled | ir |
| 2025-07-07 | President and Chief Executive Officer, appointed | sec_8k |
| 2025-02-03 | Director, appointed | sec_8k |
| 2025-01-31 | Senior Vice President, appointed | sec_8k |
| 2023-10-03 | Executive Vice President and Chief Financial Officer, appointed | sec_8k |
| 2023-05-09 | Executive Vice President and Chief Financial Officer, departed | sec_8k |
| 2021-11-30 | Executive Vice President and Chief Operating Officer, appointed | sec_8k |
| 2018-11-15 | Senior Vice President, appointed | sec_8k |
| 2018-11-15 | Senior Vice President, departed | sec_8k |