| __timestamp | Carlisle Companies Incorporated | ITT Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 33800000 | 76600000 |
| Thursday, January 1, 2015 | 42800000 | 78900000 |
| Friday, January 1, 2016 | 48100000 | 80800000 |
| Sunday, January 1, 2017 | 54900000 | 93700000 |
| Monday, January 1, 2018 | 55100000 | 98400000 |
| Tuesday, January 1, 2019 | 60900000 | 97900000 |
| Wednesday, January 1, 2020 | 45400000 | 84900000 |
| Friday, January 1, 2021 | 49900000 | 94900000 |
| Saturday, January 1, 2022 | 50800000 | 96500000 |
| Sunday, January 1, 2023 | 28700000 | 102600000 |
| Monday, January 1, 2024 | 35400000 | 116300000 |
In pursuit of knowledge
In the competitive landscape of industrial manufacturing, innovation is key to staying ahead. Over the past decade, Carlisle Companies Incorporated and ITT Inc. have demonstrated contrasting approaches to research and development (R&D) investments. From 2014 to 2023, ITT Inc. consistently outpaced Carlisle in R&D spending, with ITT's investment peaking at over $100 million in 2023, nearly doubling Carlisle's $28.7 million in the same year. This trend highlights ITT's commitment to innovation, maintaining an average R&D expenditure of approximately $90 million annually, compared to Carlisle's $47 million. Notably, both companies experienced a dip in 2020, likely due to global economic challenges. As the industry evolves, ITT's robust investment strategy may position it as a leader in technological advancements, while Carlisle's more conservative approach could suggest a focus on other strategic priorities. The data underscores the importance of R&D in driving future growth and competitiveness.
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