of everyone. you the the to the in and Steve, in good you pleasure of some you, and with working of forward Thank all morning, look future. meeting past I've had
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our versus results the now Let's quarter to our for turn guidance. third
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and take our And The significant we've working. Lean able efforts run costs. news effectively are out and good is around more been to TMOS
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We already business. mitigating have underway actions further to the several strengthen
a This greatest is the process Steve planning For improvement. planning gaining will network, one, status tightly how measure each plant our program. planning the knit integrated revenue entirety about launched reports together the against competing with our war innovative commercial across competition of category business scorecards, momentum. waste strategic we've for and more More which other monthly organization on holistically, includes talked and management. the plants
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division. X broken then. On level division have the contributed out the year-over-year. million we Slide again at up DOI SG&A Slide XX, by drivers discipline Wrapping $X
the net see, XX challenges Beverages of you the through operational debt were and profile working Solutions. you capital. can As our Meal and majority Slide in takes
more and through we of if Midwest, As of the deadline; which quarter working peak. we lower-than-forecasted inventory a ahead still precautionary, remember with ahead built inventory up in in factors: of you tends this potential be advance seasonal sales quarter continue earlier to was our are X build QX finished bit being labeling really in second, of inventory volumes as on to inventory. due capital a higher-than-planned first, ended we fourth the in reminder, and intensive the third, to more we This quarter that; the our resulted That the we hand working than flooding said, NLEA year, third inventories build planned.
year-end balance our our summary targeted we working believe still with of guidance. will inventory and meet We that plans a as we have clear updated XXXX Slide goals of place year. XX drawdown in for capital the you provides put the
bottom the continuing slightly to CapEx, of EPS guidance cash revised lowering from to and but our $XXX guidance our The operations $X.XX lower per to $X.XX incorporates our end tightening million and maintains are to $X.XX to revenue of rate million. billion share. $X.XX We and $X lower guidance adjusted range $XXX tax billion, flow free million a
to the customer for by million. are operational some do the issues reflects midpoint orders The operational QX hand have on Day October. think From sale this prudent we September to assumed a line, of in in have expectations largely the the some an although the impact $XX variances we cost decline materialize QX behind why we as believe reason orders part us, regard it's third following reduce perspective, on of were holiday of inventory penalty. With in top top a did rebound be but the may later light, not line of our Thanksgiving quarter
by XX, Slide but a Beverages a you what very elements midpoint. the manufacturing a expected in is from growth see continued EPS the respectable XX on volume rate favorable Baked the guidance XX% tax offset primarily our you loss, us and continued the QX, SG&A progress of be in Volume variances this XX% we've year-to-date for partially in Goods. at given are mentioned gets EPS On growth growth drag ops. posting discipline that division, continued to We adjusted earlier, Slide and
in As an point need to see, our you the is, we view, number. can from improvement make achievable of QX
and expected XX%. At the to midpoint, year, XX% full is grow QX the
as think year-over-year we our quarter we turn clear. out anticipated, third Although progress is exactly did the not
continues $XXX sequential repayment. priority of the Slide $XXX our where XX, seen but midpoint fourth cash for our XX to quarter we and of our continue slight improvement flow debt in our year before, to reaffirms You've to to expect be growth is for continue to pivot the target in Slide free million a cash guidance. the million, reflected
transaction. We close the continue to ready-to-eat the wait the to FTC cereal green for light from
of assuming covenant-defined X.Xx our below with X.Xx, debt XXXX pay So to that our the covenant in million down expect requirements. closes end year, finish to between we about $XXX the before ratio and well bank leverage
growth growth than top cash our line. growth XXXX. greater the or That's to XX, for Slide reaffirms $XXX expectations in EPS free flow. X% on Equal and XX% X% million for approximately or
wrap to With up that, let open me the Steve call turn and to it back to Q&A. over
