Selling, General, and Administrative Costs: Trane Technologies plc vs Lennox International Inc.

A Comparative Analysis of SG&A Expenses: Trane Technologies vs. Lennox International

In the competitive landscape of the HVAC industry, understanding the financial dynamics of key players is crucial. Over the past decade, Trane Technologies plc and Lennox International Inc. have showcased distinct trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Trane Technologies consistently reported higher SG&A costs, peaking in 2019 with a 25% increase from 2014. In contrast, Lennox International's expenses grew more modestly, with a notable 23% rise by 2024. Interestingly, 2020 marked a dip for both companies, likely reflecting global economic shifts. While Trane's data for 2024 remains incomplete, Lennox's continued growth suggests strategic investments in operational efficiency. This analysis not only highlights the financial strategies of these industry giants but also offers insights into their adaptive measures in a fluctuating market.