Parker-Hannifin Corporation or ITT Inc.: Who Manages SG&A Costs Better?

Parker-Hannifin vs. ITT Inc.: A Decade of SG&A Management

In the competitive landscape of industrial manufacturing, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Parker-Hannifin Corporation and ITT Inc. have demonstrated contrasting approaches to SG&A cost management. From 2014 to 2023, Parker-Hannifin's SG&A expenses have shown a significant upward trend, peaking in 2023 with a staggering 105% increase from 2014. In contrast, ITT Inc. has maintained a more stable SG&A expense profile, with a modest 8% decrease over the same period. This divergence highlights Parker-Hannifin's aggressive expansion strategy, while ITT Inc. focuses on cost efficiency. Notably, the data for 2024 is incomplete, leaving room for speculation on future trends. As these industrial giants continue to evolve, their SG&A strategies will remain a key indicator of their financial health and operational priorities.