AMETEK, Inc. or Lennox International Inc.: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: AMETEK or Lennox International?

In the competitive landscape of industrial manufacturing, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, AMETEK, Inc. and Lennox International Inc. have shown distinct strategies in handling these costs. From 2014 to 2023, Lennox International consistently reported higher SG&A expenses, peaking at approximately 7.3% more than AMETEK in 2023. Interestingly, AMETEK's SG&A expenses grew by about 46% over this period, while Lennox's increased by roughly 23%. This suggests that while Lennox maintains higher absolute costs, AMETEK's expenses are rising at a faster rate. The data for 2024 is incomplete, but the trend indicates a continued focus on cost management by both companies. Understanding these dynamics offers valuable insights into their operational efficiencies and strategic priorities.