SG&A Spending Patterns: A Tale of Two Giants

In the world of industrial innovation, Trane Technologies plc and Westinghouse Air Brake Technologies Corporation have carved distinct paths. Over the past decade, from 2014 to 2023, their spending on Selling, General, and Administrative (SG&A) expenses reveals intriguing trends. Trane Technologies consistently allocated a significant portion of its budget to SG&A, peaking in 2019 with a 25% increase from 2014. Meanwhile, Westinghouse Air Brake Technologies saw a remarkable 250% rise in SG&A expenses over the same period, reflecting strategic investments in growth and innovation.

A Decade of Strategic Investments

Trane Technologies' SG&A expenses fluctuated, with a notable dip in 2020, likely due to global economic challenges. In contrast, Westinghouse's steady increase underscores its commitment to expanding its market presence. These patterns highlight the companies' differing strategies in navigating the competitive industrial landscape.