Operational Costs Compared: SG&A Analysis of ITT Inc. and Allegion plc

A Decade of SG&A: ITT Inc. vs. Allegion plc

In the ever-evolving landscape of corporate finance, understanding operational costs is crucial. Over the past decade, Allegion plc and ITT Inc. have showcased contrasting trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Allegion plc's SG&A expenses surged by approximately 64%, peaking in 2023. This upward trajectory highlights Allegion's strategic investments in growth and expansion. In contrast, ITT Inc. experienced a more volatile pattern, with a notable dip in 2020, reflecting a 33% decrease from its 2014 figures. However, by 2023, ITT Inc. managed a recovery, closing the gap with a 37% increase from its 2020 low. These trends underscore the dynamic nature of operational strategies in the industrial sector, where companies must balance cost management with growth ambitions.