Profit increased 22.8 percent to $77.6 million in the first quarter.
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Company will promote Michael H. McGarry to president and CEO.
Profit dips 19 percent to $19.7 million for fiscal first quarter.
Company submits offer to acquire aerospace, automotive sealants businesses of Le Joint Franais.
Industrial segment sales for the manufacturer increased 10.8 percent for the year.
Company's annual profit decreased 9.1 percent compared to last year.
Airframe products sales up 11 percent year-over-year.
$2.8 billion purchase enhances companys aerospace portfolio.
Company also announces retirement of CFO Gregory Hann.
Core sales for the diversified manufacturer grew 0.3 percent.
Airframe products sales up 18 percent year-over-year.
Joseph T. Lower, Michael F. Senft join Florida aerospace company.