NEW PORT RICHEY, Fla. (AP) _ Welbilt Inc. (WBT) on Monday reported profit of $13.8 million in its fourth quarter.

On a per-share basis, the New Port Richey, Florida-based company said it had profit of 10 cents. Earnings, adjusted for one-time gains and costs, came to 18 cents per share.

The food and beverage equipment maker posted revenue of $423 million in the period.

For the year, the company reported profit of $70.3 million, or 49 cents per share. Revenue was reported as $1.55 billion.

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