CalMat Co.: The Los Angeles-based building materials...

CalMat Co.: The Los Angeles-based building materials and property development company reported profit of $13 million for the quarter ended March 31, down 8% from a year ago. Revenue totaled $153 million, down 1%. The results reflected the negative effects of unusually cold and wet weather in the period, higher interest rates and a softening in the market for industrial property and office space in Phoenix and San Diego.