TORONTO -- Celestica today withdrew its previously announced first quarter financial guidance, citing government-driven factory shutdowns stemming from the Covid-19 outbreak.

The coronavirus fears are behind a “shelter-in-place” order that went into effect Mar. 17 in multiple Bay Area counties in California. As a result, Celestica is required to temporarily stop work onsite at its operations in Santa Clara County and Alameda County until Apr. 7. Furthermore, the Malaysian government issued an order to close certain business activities between Mar. 18 and Mar. 31. Celestica expects the government directives will adversely impact its ability to manufacture products and receive required parts from key suppliers.

“While these government-mandated site closures are strong measures, we must do our part to support global efforts to contain Covid-19 and help ensure the safety of our employees, suppliers and customers,” said Rob Mionis, president and CEO, Celestica. “Our efforts to date led to positive results in China where our employee attendance rate is now over 90%. And while our global team has done exceptional work to date, the situation is fluid and continues to evolve.”

Celestica said it remains in regular contact with suppliers and customers to assess impacts and risks for supply chain disruption. It intends to provide an update during a scheduled conference call on Apr. 29.

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