Navigating SG&A Expenses: A Tale of Two Corporations

In the ever-evolving landscape of industrial giants, Parker-Hannifin Corporation and Westinghouse Air Brake Technologies Corporation (Wabtec) have showcased distinct strategies in managing Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Parker-Hannifin's SG&A expenses have seen a dramatic increase, peaking in 2023 with a staggering 105% rise compared to 2014. This surge reflects strategic investments and expansions, positioning them as a formidable force in the industry.

Conversely, Wabtec's SG&A expenses have grown more modestly, with a 251% increase from 2014 to 2023, indicating a more conservative approach. Notably, data for 2024 is missing, leaving room for speculation on future trends. As these corporations navigate the complexities of cost management, their financial strategies offer valuable insights into the broader industrial sector's dynamics.