You really need a few months to get a feel for whether the rate of change is changing. We intend to take profitable market share that aligns with our strategy of better positioning DNOW in the market through diversification of customers, revenue streams and end markets. Where internally, you plan to have five those benefits throughout the organization would also be good to learn about.So just a kind of high level on the first part. We're still looking at valuations within these companies, and we're talking, but we're being patient to protect our balance sheet.And while acquisitions are still a core part of our strategy, we're being prudent stewards, given uncertainties in the market.
And I think what you'll see going forward after coming out of this would be just even more caution and more focus on making sure that selected opportunities kind of hit all the bells.From Evercore ISI, we have Andres Menocal.

Sales of full-size pickups outpaced the industry by double-digit percentages and drove year-over-year improvements in market share and financial results.

And so that's the part that we probably are a little bit behind on.

And Dhivya, do you want to talk about the pricing?Yes. So we discontinue inventory on those products and kind of win all our position with them. Thank you for joining.

And then secondly, we know there's some things out there that are coming to the table that we don't know about. [Operator Instructions] Your first question comes from the line of Rod Lache with Wolfe Research.Good morning, everyone. We are starting to see signs of recovery in China as production has completely restarted and dealer traffic across the industry has increased 70% of pre-COVID levels at the beginning of April.As the effect of the virus subsides, we expect to revert to a quarterly equity income run rate of $200 million. So I think it’s too soon to tell, but we’re very positive about what we see happening in China. And are you getting more selective about who you'll transact with based on ability to get paid?Yes. So first, on the demand side, can you give us a couple of things? First question I had is just on the outlook in the second quarter for revenues. So that gives you kind of a feel for of the land in fourth quarter.
Our steel pipe revenue was sequentially flat, with improving orders for our coiled line pipe for gas lift and water transfer applications. But we know that we have to be able to value them correctly. And then we said our target for the fourth quarter is to exit at a WSA level that if you subtract the 4Q 2019 level, you'll realize effectively $140 million of savings as we move into 2021 versus 2019. That's very hard to do.

And maybe more importantly, beyond, what opportunities can GM and your auto brother and sisters make – work with governments to kind of take an industry that maybe didn't have enough of a national policy and could really make the most out of the crisis to push forward things like electrification and EV infrastructure. And we continue to have that dialogue with many members of government.Thanks, Mary. The Earnings Call and ESG: Gaps, Labels, and Coverage. Dave, you got any more analysis?Well, I think some of the work that team is doing that's kind of rolling off is internal efficiencies that enable us. Thanks for all of those details. As it relates to bringing the technology into the – our fleet of vehicles on the road today, that's really occurring through Super Cruise, and we continue to add miles, add roads and add features.

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