Close, but not quite. What the orange growers are relying on is a thermodynamic property (in this case, of water) called latent heat of fusion. Basically, since water can exist in its solid and liquid form simultaneously ONLY at 32° F, it will stay at that temperature until it is all frozen. So for a short-lived cold snap, this strategy can protect one's orange trees by having the sprayed-on water freeze essentially instead of the orange. But if it stays below freezing for an extended period, the oranges will freeze, too.