Edition:
India

BRIEF-Stericycle says to restate results for three quarters of 2015


Friday, 29 Jul 2016 

Stericycle Inc : Says restatement had no effect on net income for fiscal year ended December 31, 2015 . Says Co's board determined that consolidated financial statements for quarters ended March 31, 2015, June 30, 2015 and Sept 30, 2015 should no longer be relied . Cites errors in timing of recognition of certain loss reserves - SEC filing . Errors in timing of recognition of certain loss reserves relate to Co's settlement of two previously disclosed litigation matters . Says identified accounting errors had no effect on Co's audited annual results for fiscal year ended Dec 31, 2015 .says it will restate portions of its interim condensed consolidated financial statements for affected periods to reflect modified timing of recognition of these losses.