| __timestamp | Graco Inc. | Lennox International Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 54246000 | 60700000 |
| Thursday, January 1, 2015 | 58559000 | 62300000 |
| Friday, January 1, 2016 | 60606000 | 64599999 |
| Sunday, January 1, 2017 | 60106000 | 73600000 |
| Monday, January 1, 2018 | 63124000 | 72200000 |
| Tuesday, January 1, 2019 | 67557000 | 69900000 |
| Wednesday, January 1, 2020 | 72194000 | 66800000 |
| Friday, January 1, 2021 | 79651000 | 76100000 |
| Saturday, January 1, 2022 | 80008000 | 80300000 |
| Sunday, January 1, 2023 | 82822000 | 94000000 |
| Monday, January 1, 2024 | 87230000 | 0 |
Cracking the code
In the competitive landscape of industrial manufacturing, innovation is key to staying ahead. Lennox International Inc. and Graco Inc. have been investing in research and development (R&D) to drive innovation and growth. From 2014 to 2023, Lennox International Inc. consistently increased its R&D spending, peaking in 2023 with a 55% increase from 2014. Graco Inc., while also increasing its investment, showed a steadier growth pattern, with a 53% rise over the same period. Notably, in 2023, Lennox International Inc. outpaced Graco Inc. by investing 13% more in R&D. However, data for 2024 is missing for Lennox, indicating a potential shift or reporting delay. This trend highlights the strategic importance both companies place on innovation, with Lennox taking a more aggressive approach in recent years. As the industry evolves, these investments could be pivotal in shaping their future market positions.
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