Cost Management Insights: SG&A Expenses for Deere & Company and Graco Inc.

Navigating Cost Management: A Tale of Two Companies

In the ever-evolving landscape of industrial manufacturing, effective cost management is crucial. Deere & Company and Graco Inc., two giants in their respective fields, have demonstrated distinct strategies in managing their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2024, Deere & Company has seen a steady increase in SG&A expenses, peaking in 2024 with a 37% rise from 2014. In contrast, Graco Inc. has maintained a more consistent trajectory, with a 53% increase over the same period. This divergence highlights the varying approaches to cost management, with Deere & Company potentially investing more in growth initiatives, while Graco Inc. focuses on efficiency. As we look to the future, understanding these trends offers valuable insights into the strategic priorities of these industry leaders.