ITT Inc Q4 2021 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : I wanted to follow-up on the CapEx stuff, it's greater than 5% of sales. Can you just talk in a little bit more detail about where the CapEx is going? Are these all growth investments? Is there some refreshing the asset base that's happening? Are these 1-year projects? Should we expect elevated CapEx next year? Just any more color you can give us around where that CapEx is going and how long it lasts at this level? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. FEBRUARY 10, 2022 / 1:30PM, ITT.N - Q4 2021 ITT Inc Earnings Call

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : And so I mean, are these single year projects? And we should expect CapEx to return to a normal level? Is there a step function change in your long-term percentage of revenue that goes into CapEx?

Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Okay. And then I wanted to ask about the target to expand the CCT product portfolio. Can you talk about the priority areas for adding products? Are these things that you can do all internally? Can you accelerate that product development with M&A? Any color you can give us around that?