ITT (ITT) - 2024 Q1 - Earnings Call Transcript

Emmanuel Caprais Good morning, Michael. Great. Really appreciate everyone. Thank you. had such a long backlog. So we have good line-of-sight to bring Axtone to the mid to-high teens this year. But I would say, rail margins, especially in KONI are trending really well. Sure. Well, about it, Joe. I think that despite the big headwinds of mix, the margin improved more than 140 basis-points on an organic basis on a like-for-like. And the reason is really the result of the selectivity that we had in other acquis ...