diff --git a/finance/py-pandas-market-calendars/Makefile b/finance/py-pandas-market-calendars/Makefile
index b23706bdef87..bf94deca6a07 100644
--- a/finance/py-pandas-market-calendars/Makefile
+++ b/finance/py-pandas-market-calendars/Makefile
@@ -1,33 +1,34 @@
 PORTNAME=	pandas-market-calendars
 DISTVERSIONPREFIX=	v
-DISTVERSION=	4.1.4
-PORTREVISION=	1
+DISTVERSION=	4.2.1
 CATEGORIES=	finance python
 #MASTER_SITES=	PYPI # no tests
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 DISTNAME=	${PORTNAME:S/-/_/g}-${PORTVERSION}
 
 MAINTAINER=	yuri@FreeBSD.org
 COMMENT=	Market and exchange trading calendars for pandas
 WWW=		https://github.com/rsheftel/pandas_market_calendars
 
 LICENSE=	MIT
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
 PY_DEPENDS=	${PYTHON_PKGNAMEPREFIX}dateutil>0:devel/py-dateutil@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}exchange-calendars>=3.3:finance/py-exchange-calendars@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}pandas>=1.1:math/py-pandas@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}pytz>0:devel/py-pytz@${PY_FLAVOR}
-BUILD_DEPENDS=	${PY_DEPENDS}
+BUILD_DEPENDS=	${PY_SETUPTOOLS} \
+		${PYTHON_PKGNAMEPREFIX}wheel>0:devel/py-wheel@${PY_FLAVOR} \
+		${PY_DEPENDS}
 RUN_DEPENDS=	${PY_DEPENDS}
 
 USES=		python
-USE_PYTHON=	distutils autoplist pytest
+USE_PYTHON=	pep517 autoplist pytest # 4 tests fail, see https://github.com/rsheftel/pandas_market_calendars/issues/275
 
 USE_GITHUB=	yes
 GH_ACCOUNT=	rsheftel
 GH_PROJECT=	${PORTNAME:S/-/_/g}
 
 NO_ARCH=	yes
 
 .include <bsd.port.mk>
diff --git a/finance/py-pandas-market-calendars/distinfo b/finance/py-pandas-market-calendars/distinfo
index 8a3849d0f1f6..0294422cfbb4 100644
--- a/finance/py-pandas-market-calendars/distinfo
+++ b/finance/py-pandas-market-calendars/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1675621066
-SHA256 (rsheftel-pandas_market_calendars-v4.1.4_GH0.tar.gz) = d62cdc75075df54d583f37d5b4d705c620373e92df96ccb3ab83bcdbd7820c00
-SIZE (rsheftel-pandas_market_calendars-v4.1.4_GH0.tar.gz) = 210300
+TIMESTAMP = 1692764191
+SHA256 (rsheftel-pandas_market_calendars-v4.2.1_GH0.tar.gz) = 6e2c9b2532d08ebb185ef7df7e768f1058600399194525baa242de917413a26b
+SIZE (rsheftel-pandas_market_calendars-v4.2.1_GH0.tar.gz) = 207462