{
  "id": 2039831,
  "title": "Skellerup posts another record profit, avoids US tariffs, Iran war fallout",
  "url": "https://urgent.news/2026/08/19/skellerup-posts-another-record-profit-avoids-us-tariffs-iran-war",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T23:07:21.000Z",
  "source": {
    "name": "RNZ Business",
    "slug": "rnz-business",
    "url": "https://www.rnz.co.nz/news/business/1066081/skellerup-posts-another-record-profit-avoids-us-tariffs-iran-war-fallout"
  },
  "original_language": "en",
  "account": "Skellerup, a rubber goods manufacturer, has announced record earnings for the year ended June, marking its tenth consecutive year of profit growth. Chief executive Graham Leaming highlighted the exceptional result, with record earnings in several business segments. The company managed to avoid the worst effects of US tariffs and navigate the fallout from the Iran war.\n\nLeaming attributed the strong performance to overcoming sourcing challenges due to the Middle East conflict and fluctuating tariffs. He emphasized the company's international presence, with over 80% of revenue generated from international markets, and more than half of its workforce located in overseas markets. This global reach allows Skellerup to quickly adapt to market needs and make informed decisions.\n\nThe industrial goods division, which produces water pipes, roofing, construction materials, and liquid waste systems, accounted for about two-thirds of revenue. It reported record sales and robust growth in the US market. The division successfully mitigated the impact of tariff increases through inventory management, cost control, and strategic pricing adjustments.\n\nSkellerup's agri-division, responsible for milking system components and the popular gumboots, also achieved record earnings. The division overcame raw material supply issues caused by the Middle East conflict. The overall improvement was further boosted by a $3.5 million one-off gain from an insurance payout.\n\nWhile no forecast for the next year was provided, Leaming stated that the company would continue its diverse product range and strong international market strategy.",
  "summary": "The company earned more than 80 percent of its revenue from international markets with more than half of its staff based in overseas markets.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Earnings call transcript: NZX posts solid H1 2026 gains as growth engines build",
        "url": "https://urgent.news/2026/08/19/earnings-call-transcript-nzx-posts-solid-h1-2026-gains-as-growth",
        "published": "2026-08-19T23:04:31.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}