Veeco Instruments Inc. (NASDAQ: VECO) is providing a business update related to the worldwide COVID-19 (coronavirus) outbreak. Veeco’s highest priority is the health and well-being of our employees, customers, suppliers and stakeholders. As COVID-19 continues to spread, we have taken precautions to protect employees and visitors while minimizing 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 our San Jose facility and possibly the facilities of certain customers unable to operate until April 7, 2020. 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.
We continue to monitor this dynamic situation and expect to provide a further update during our first quarter 2020 earnings conference call.
Veeco is the industry leader driving HDD manufacturing to new levels of productivity.