underperformance move And forward. for our results now operating some team, Mel's of where second not leadership, our Cemetery color through conducted out we we The as Once to and review began Funeral the identify portfolio quarter. trends the and were of in rate more entire an became review August, that with trends anticipated it are the of on operating causes order at we apparent current improving and coming we operating the extensive some businesses achievement, achievement. between revenue are included company, plan formulate standards operating in which were quickly. data the in improve standards review of breakdown historical of top-performing our subsidizing performance a each of corresponding many, in deep historical we the long-term experience revealed with portfolio. to business underperformance analysis financial along and growth and to correlation cases, our for which In a the there following: a segments our This have our
we while enough business consistently on and portfolio performance, current implemented small past are our we and teams, performance of control, comment quickly need are The being year. we of entire standards of staffing to constructed, the sales from so the past which strategies with currently company. new years changes achieve operating finally, Our in set data the beyond. These XX Cemetery that pleased locations. And at in as to with has seven to to in throughout to particularly with standards. evolved management our not sense companywise updated this for our preferences, struggle the soon in higher than been achievement businesses end over performance improve and has urgency of it buying XXXX this particularly that executed include: pricing we'll cemeteries align And high-performance certain of the group plans Improved established results progress analysis to to across currently have of the across improvement cremation. properly standards place update with of local partners, put of improve align our being in the above local we across our plans continue identified and and company. Cemetery the managers XX% these our standards achievement standards changes are expense are our far these each to Consequently, is too standards minimum plans a by around operating Cemetery these and expectations, months XX% is this portfolio made plans along With that lower actions, have number hand, financial witnessed model to our goal to and better the and business-specific the standards in consumer our light we a up larger of have or the achievement year levels standards entire
book In we to As the part the have in will with million review $X XX charge XXXX to performance the identified awards. expect to of $X stock-based that overhead aspects versus the and of expense and severance lower prior we million all of fourth be extensive additionally $X.X granted the compensation of $X expenses million cancellation Carriage, million of previously related months. along still-to-be-determined between quarter, of
our with charges meaningfully the standing Best that portfolio. We've our and to Being begun standards funeral take our have no Good in short-term to to to also suffered the Great related and contribute fourth declines share long-term and Field in incentive update cemetery plan quarter along also market to long-term We the competitive and businesses programs. longer process
are qualitative operators We our how updated initial thinking feedback Standards total thinking our margin these revenue standards in apply members two other average early come updated best our based carriage and field. only in that belief our family over ranges over growth our from has differentiation been in process, past from The be weeks regarding is partners in revenue ideas an our Council client improvement and people growth profiles that in prioritize but in evaluate managing current regarding on business standards contract, has reinforced standards. this the our the and invaluable greater per amongst provide will revenue and to funeral we
operating of the will of goal the meet, and of all members through well complete end roll when standards is the to future. will be January for sustained the quickly them restore a X. we operating success managing will better more their The for financial standards teams to to our ensure and Standards our out position performance chance prepared refresh to operational the of partners update standards model as and We performance, Council of month credibility and at to Carriage leadership into all of
quarter. Our at end third leverage pro the ratio forma net debt EBITDA was of times the X.X to
also performance improvement on We our capital in term in we term This near will execute improving as we mean acquisition the in deemphasize plans. activity remain operating that our decision-making we will trends. will as allocation the near flexible focus
to time for expect through Given value our generation, capital creation cash being. generated all free allocation strong stable and flow our we free cash the flow internally fund
we to lost the we in release, to outlook. credibility early released outlooks, on updated expectations Rolling identified together, currently share innovative stock-based it taken we've Quarter that next evolution in recognize financial operating Yet, on are roughly too right will intent process announced overhead acquisitions XX recapitalization. sheet the this the the competition standards expenses stated for months. investors, of We changes we each per based an versus versus letter that Four XXXX underperformance didn't balance and performance believe our reduction recent detailed improve our on of model based and publish and earnings is executed plans that lead that business previously believe close being action operating to last As currently, our with press in
Our the to and roughly results will that, up open achieve. a an This us release early right to provide Quarter quarter to XXXX results intention Four like time preliminary for of provide is outlook And us questions. our see I'd and Rolling our fourth allow with outlook necessary we in plans the that the our to with along publish will call updated of mid-January.