The present invention is generally directed to an improved tool cycle counter and method for installing same within a production tool having moving halves which are moved from an open position into aclosed position in order to produce a formed article. The movement of the tool from the open position to the closed position constituting a cycle. The tool cycle counter including a numerical displaytoindicate a cycle count, an actuator which is actuated by completion of a tool cycle, a counter assembly for recording a cycle count in response to actuation of the actuator, and being operably associ ated with the numerical display, and a substantially cylindrical outer housing encasing the counter assembly.