Tanner said most of the company's projected increase in earnings per share in 2014 was linked to improved pension impacts due to a higher discount rate and lower liabilities after years of pension payments by the company.

He said the company was focused on boosting international sales. Foreign orders accounted for 23 percent of orders received and 17 percent of sales in 2013, with revenues set to grow a "little under 20 percent" in 2014, he said.

(Reporting by Andrea Shalal-Esa; Editing by Jeffrey Benkoe)