By Ellen Chang Many companies increased their capital expenditure budgets in 2022 to grow and expand their footprint. Companies increased their capital expenditure budgets in 2022 to increase their footprint, meet greater demand and beat their competitors. Several companies mentioned increasing their budgets for expenditures during first quarter earnings calls. As of Feb. 7, 191 S&P 500 companies reported large increases in capital expenditures — an 18% increase year-over-year and a 19% increase compared to the fourth quarter of 2019, according to research data from Bank of America. Why Compa…