| __timestamp | ITT Inc. | Lennox International Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 76600000 | 60700000 |
| Thursday, January 1, 2015 | 78900000 | 62300000 |
| Friday, January 1, 2016 | 80800000 | 64599999 |
| Sunday, January 1, 2017 | 93700000 | 73600000 |
| Monday, January 1, 2018 | 98400000 | 72200000 |
| Tuesday, January 1, 2019 | 97900000 | 69900000 |
| Wednesday, January 1, 2020 | 84900000 | 66800000 |
| Friday, January 1, 2021 | 94900000 | 76100000 |
| Saturday, January 1, 2022 | 96500000 | 80300000 |
| Sunday, January 1, 2023 | 102600000 | 94000000 |
| Monday, January 1, 2024 | 116300000 | 0 |
Unveiling the hidden dimensions of data
In the competitive landscape of industrial manufacturing, innovation is key. Over the past decade, ITT Inc. and Lennox International Inc. have been at the forefront of this race. From 2014 to 2023, ITT Inc. consistently outpaced Lennox in research and development (R&D) spending, with an average annual investment of approximately $90 million, compared to Lennox's $65 million. This represents a 38% higher commitment to innovation by ITT Inc.
In 2023, ITT Inc. reached a peak R&D expenditure of $103 million, while Lennox followed closely with $94 million. However, Lennox's data for 2024 is missing, leaving a gap in the trend analysis. This consistent investment by ITT Inc. underscores its strategic focus on innovation, potentially giving it a competitive edge in the market. As the industry evolves, these investments could be pivotal in shaping the future of both companies.
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