Trane Technologies plc or Nordson Corporation: Who Manages SG&A Costs Better?

Managing SG&A Costs: A Tale of Two Companies

In the competitive landscape of industrial manufacturing, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Trane Technologies plc and Nordson Corporation, two giants in the industry, have shown distinct approaches over the past decade. From 2014 to 2023, Nordson Corporation's SG&A expenses have grown by approximately 40%, peaking in 2024. In contrast, Trane Technologies saw a more modest increase of around 18% over the same period, with a notable dip in 2020. This suggests a strategic pivot or external factors impacting their cost management. While Nordson's expenses surged in 2024, Trane's data for that year remains unavailable, leaving room for speculation. The data highlights the importance of strategic cost management in sustaining competitive advantage and profitability in the industrial sector.