Manufacturer covered for tornado losses

A tornado that damaged a Lennox International Inc. facility in Marshalltown, Iowa, in July caused about $100 million in lost revenue and another $80 million in clean-up expenses, asset write-offs and other costs, but insurance will offset the hit to earnings and special charges, the manufacturer said Monday.

Richardson, Texas-based Lennox, which makes heating, air conditioning and refrigeration equipment, said it expects its profit to be about $55 million lower because of damage from the twister.

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