Veeco: COVID-19 Update
Company withdraws Q1 guidance under conditions of business disruption and uncertainty
Veeco Instruments has provided a business update related to the worldwide COVID-19 (coronavirus) outbreak.
The company says its highest priority is the health and well-being of its employees, customers, suppliers and stakeholders. As COVID-19 continues to spread, it has taken precautions to protect employees and visitors while minimising the risk of disruption to our business, where possible.
On March 16, 2020, several California counties issued a 'shelter-in-place' directive related to the COVID-19 virus which has rendered Veeco's San Jose facility and possibly the facilities of certain customers unable to operate until April 7, 2020.
Veeco says: "These government directives may impact our ability to meet our guidance for the first quarter of 2020. As a result, given the additional uncertainty and disruptions to Veeco and possibly to certain of our customers, we are withdrawing guidance for the first quarter, ending March 31, 2020, previously provided on February 13, 2020, which was based on best known information at the time."