Deere & Company or Lennox International Inc.: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: Deere & Company or Lennox International Inc.?

In the competitive landscape of industrial giants, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Deere & Company and Lennox International Inc. have showcased contrasting strategies in handling these costs.

Deere & Company, a leader in agricultural machinery, has seen its SG&A expenses fluctuate, peaking in 2024 with a 37% increase from 2014. Meanwhile, Lennox International Inc., a key player in climate control solutions, has maintained a more consistent approach, with a 27% rise over the same period.

While Deere's expenses are significantly higher, Lennox's steady growth suggests a more controlled cost management strategy. This comparison highlights the importance of strategic financial planning in sustaining long-term growth and competitiveness. As the industrial sector evolves, these insights offer valuable lessons for businesses aiming to optimize their operational efficiency.